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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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.