European stocks were higher on Tuesday, despite disappointing Spanish employment data, as investors eyed a highly anticipated inflation report due on Wednesday, as well as the Federal Reserve's upcoming policy statement.
European stocks rise, focus on inflation data; Dax up 0.91%European stocks open higher, eyes on inflation report
During European morning trade, the DJ Euro Stoxx 50 advanced 0.63%, France’s CAC 40 rose 0.26%, while Germany’s DAX jumped 0.91%.
Official data earlier showed that Spains unemployment rate ticked up to 25.9% in the first quarter, from 25.7% in the fourth quarter of 2013, whose figure was revised from a previously estimated rate of 26.0%.
Anlaysts had expected the unemployment rate to fall to 25.6% in the last quarter.
Separately, an uptick in the euro zone's inflation rate would ease pressure on the European Central Bank to implement additional monetary policy measures.
www.punjiniveshonline.com
www.punjiniveshonline.com
European stocks rise, focus on inflation data; Dax up 0.91%European stocks open higher, eyes on inflation report
During European morning trade, the DJ Euro Stoxx 50 advanced 0.63%, France’s CAC 40 rose 0.26%, while Germany’s DAX jumped 0.91%.
Official data earlier showed that Spains unemployment rate ticked up to 25.9% in the first quarter, from 25.7% in the fourth quarter of 2013, whose figure was revised from a previously estimated rate of 26.0%.
Anlaysts had expected the unemployment rate to fall to 25.6% in the last quarter.
Separately, an uptick in the euro zone's inflation rate would ease pressure on the European Central Bank to implement additional monetary policy measures.
www.punjiniveshonline.com
www.punjiniveshonline.com
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