Stoxx 600, DAX, FTSE, CAC

LONDON – European stocks opened on Wednesday, when investors evaluated the latest commercial news, companies’ profits and inflation.

General Europe Stoxx 600 It was 0.5 % higher after a short period of the opening bell, with most sectors and all the main regional porters in positive lands.

Looking at individual stocks, owner Zara Inditex It rose by 6.7 % by 8:35 am in London (3:35 am East time), after the company published its profits in the first half. While the second company sales were WeakenThe new autumn/winter groups “were very well received by customers, with continuous currency sales between August 1 and September 7 jumped 9 % on an annual basis.

In a note sent to customers after the release of profits, Citi strategists said that the InTidex report showed “a meaningful acceleration in the current trading.”

And they said: “The momentum improved materially in the first 5 hours of (the third quarter).”

Elsewhere, the Danish drug giant contributed Novo Nordsk It was 2.5 % higher in early trade after the company announced that it would take place Reduce about 9,000 jobs.

European markets will also focus on overnight reports US President Donald Trump asked the European Union to hit China and India with a tariff of up to 100 % On Russia’s oil purchases in countries. This step seeks to increase the temperature on Moscow to end the war in Ukraine, but the risk of increasing the stability of global trade relations.

Inflation data also focuses on global markets with the main publications of China overnight, and is scheduled to come from the United States later on Wednesday and tomorrow.

S & P 500 futures contracts Rose a little overnight, as traders turned their attention to the latest producers’ price index. The report comes before reading the consumer price index, which was closely seen on Thursday.

Economists expect the report to appear Monthly increases from 0.3 % In all areas, according to Du Jones. If this is achieved, this will push the annual consumer price index to 2.9 %, while the basic reading is expected to remain unchanged at 3.1 %.

If these figures come about their estimates, the American Federal Reserve to provide another price reduction in its meeting next week.

Asia and Pacific Markets Meanwhile, it rose overnight, as investors evaluated inflation data in August from China. Consumer prices on the mainland It decreased by 0.4 % year on an annual basis in AugustAccording to the data of the National Office for Statistics, which was issued on Wednesday, compared to expectations of a 0.2 % decrease by the economists included in Reuters.

– Nur Hikah MD Ali and Jeff COX from CNBC contributed to this market report.