European stocks mixed; caution ahead of important inflation data
Investing.com — European stock markets traded in a mixed fashion Monday, with risk appetite subdued at the start of a week that includes the release of key inflation data from the U.S., Japan and China.
At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.1% higher, while the CAC 40 in France traded down 0.1% and the FTSE 100 in the U.K. fell 0.3%.
European equities retreated last week as investors reined in expectations of early interest rate cuts this year, primarily by the U.S. Federal Reserve, but also from the likes of the European Central Bank and the Bank of England.
This change in tone was bolstered by a surprise jump in U.S. nonfarm payrolls as well as eurozone inflation jumping to 2.9% in December from 2.4% in November, supporting the European Central Bank’s case to keep interest rates at record highs for some time.
There is more inflation data from Japan and China to digest this week, but the main event will be Thursday's U.S. CPI, with prices seen rising by just 0.2% month-on-month, an annual rise of 3.2%.
Whatever the result, it will likely again shift expectations over where the Federal Reserve is heading in terms of interest rate movements.
Back in Europe, German industrial orders rose less than expected in November, climbing by just 0.3% month-on-month, instead of the 1% expected, which represented a minor rebound from last month’s revised 3.8% slump.
In the corporate sector, Airbus (EPA:AIR) stock rose 1% following the woes of rival plane manufacturer Boeing (NYSE:BA), as the U.S. Federal Aviation Administration ordered the temporary grounding of some of its 737 MAX 9 jets in the wake of a door tearing off an Alaska Airlines jet on Friday.
The new earnings season starts later this week, with the
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