The European market begins this week, and investors are waiting for key U.S. data

LONDON-As global markets focus on key US inflation data this week and Fed Chairman Jerome Powell’s more comments on interest rate hikes, European stock markets are expected to open on Monday.

British FTSE The index opened up 16 points to 7,490, Germany Dax France’s 15,946 points are 12 points higher CAC 40 Rose 16 points to 7,223 and Italy FTSE Index According to IG data, it rose 26 points to 27,463.

The global market will usher in a busy week, and the latest inflation data in the United States is the key data point this week. The US consumer price index is scheduled to be released on Wednesday, and the producer price index is scheduled to be released on Thursday.

Consumer prices in Europe and the United States have risen in recent months. Last Friday, inflation in the Eurozone hit a record high in December, rising by 5% compared to the same month last year.

In addition, as the Fed chairman is scheduled to testify at the Senate panel’s nomination hearing on Tuesday, investors will pay attention to more comments about the timing of Powell’s upcoming interest rate hike.

The Fed has hinted that it may retract loose monetary policy more aggressively than some expected. The minutes of the Fed’s December meeting announced last Wednesday showed that in addition to raising interest rates, the Fed also plans to reduce its balance sheet.

The market will pay close attention to the security negotiations between the two countries US and Russian diplomats in Geneva on Monday aimed to ease tensions in Ukraine.

In terms of European data on Monday, the Eurozone released the latest unemployment data for November, the Netherlands released November manufacturing output data, and Italy released industrial sales data for the same month.

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