The FTSE 100 in London were higher at midday Tuesday, despite investors cautiously eyeing a trio of interest rate decisions, as well as a US inflation reading on Tuesday afternoon.
In London, shares.
By Ed Frankl Germany's economic outlook improved unexpectedly in December, reflecting a stronger belief that the European Central Bank could cut rates soon.
German investor morale improved in December, the ZEW economic research institute said on Tuesday, as expectations grew for an interest rate cut by the European Central Bank in the medium term..
In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly dissipated as the data largely aligned with market expectations. Headline CPI showed a gradual decline, albeit at a slow pace, while core CPI indicated stagnant disinflation. It may not be the right time to place significant bets on the greenback yet, especially considering FOMC rate decision and publication of new economic projections scheduled for tomorrow. The anticipation of these events has left room for potential market shifts, keeping market players cautious for now.