Markets in Europe are expected to open on a weak note on Wednesday as investors weigh the less-than-expected drop in inflation in the U.S. and the fears of a potentially painful and prolonged recession. Hawkish comments from Fed and ECB officials could also weigh on market sentiment.
Mixed mood had prevailed in Wall Street on Tuesday after inflation in January cooled less than expected. Annual inflation in the U.S. dropped to 6.4 percent in January versus 6.5 percent in December and expectations of 6.2 percent. Core inflation dropped to 5.6 percent in January versus 5.7 percent in December and expectations of 5.5 percent. The Nasdaq Composite added 0.57 percent to close at 11,960.14 whereas the Dow Jones Industrial Average shed 0.46 percent to finish trading at 34,089.27.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.