CAC and DAX Unchanged, Ahead of US CPI

European indices trade flat today as investor’s attention turns to US CPI and the second day of Jerome Powell testimony later today looking for fresh trading impulse.

As of writing the DAX 30 is 0.15 percent lower at 12,354 after the Germany Consumer Price Index (YoY) came in at 1.6% in line with expectations for June. The Germany Harmonized Index of Consumer Prices (MoM) came in at 0.3% above expectations of 0.1% in June and the Germany Consumer Price Index (MoM) in line with forecasts at 0.3% in June. The CAC 40 in Paris is 0.13 percent higher at 5,574, in London the FTSE 100 is 0.11 percent lower at 7,522. Reckitt Benckiser had agreed to pay to $1.4bn to resolve all US federal investigations in connection with the sales and marketing of Suboxone Film by its former pharmaceuticals business Indivior. Earlier today in its Financial Stability Report (FSR), the Bank of England warns of the risks of a no-deal Brexit and global financial vulnerabilities.

In Wall Street, the futures trading higher, the Dow futures are 0.32 percent higher at 26,946 while the S&P futures are 0.21 percent higher, signaling a positive start for U.S. equities.Don’t miss a beat! Follow us on Twitter.

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