The European bags Facing a session marked by data United States CPI. Futures expect moderate declines before the number that will indicate the next moves in interest rates.
The ibex 35 It is already trading at its lowest level for the year and is preparing for the seventh consecutive day of losses. The Spanish pick stands at 7,200 points and accumulates losses since the beginning of the year at 16%.
In Spain, the head of government, Pedro Sánchez, appeared in the Chamber of Deputies to report on the informal meeting of the European Council on October 7 and to inform the economic and social measures adopted to respond to the crisis caused by the war in Ukraine.
Final CPI data for September will also be released for Germany. In interim results, it reached a record 10%, the highest figure in 70 years, although the government expects it to reach 8% over the course of the year.
Wall Street Yesterday closed in the red and the Dow Jones index fell 0.10% after investors learned of the release of the minutes of the September meeting of the Federal Reserve (Fed), which showed officials’ concern about continued high inflation.
Today, US CPI data will be released, and the numbers will provide information on whether the Federal Reserve will maintain its policy of raising interest rates to stem the increase in rates or will change its strategy. The consensus expects year-on-year inflation to remain at 8.1%.
In recent months, inflation indicators have shown widespread price pressures in categories such as food and housing, while energy prices have fallen. Corporate earnings will also provide insight into how companies deal with price pressures.
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