European markets open high as inflation data looms

Source: WBP Online
European stocks opened strong as the positive sentiment spilled over from global bourses. The DAX 30 index gained 0.5% and showed 10 005.89 points, whilst the FTSE 100 rose 0.4% to trade at 6 177.03 points, awaiting news on the UK inflation data in April. The consumer price index is anticipated to grow 0.3% on a monthly basis in April, which indicates a 0.5% year-on-year increase.
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Tue, 17 May 2016 09:17:45 GMT

Surprise UK inflation data driven by air fare plunge

The UK CPI fell short of analyst expectations as the data release showed a 0.1% monthly decrease in the measure for April, missing the predicted 0.3%, with air fares, clothing and vehicles being the main drivers for the price decrease. Data on the year-on-year inflation level showed further disappointment with 0.3%, in comparison to an expected 0.5%, while core inflation

Tue, 17 May 2016 08:16:09 GMT

Asian markets end higher on Tuesday

Increase in oil prices lifted trading mood not only in US, but also in Asia, as energy and resource stocks became top performers. Japanese Nikkei 225 index surged 1.1% to 16,652.80 points and Topix climbed 1.1% and closed at 1,335.85 points. Shanghai Composite rose 0.2% to 2,855.21 points, while Shenzhen Composite added 0.5% to 1,823.65 points.

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