European stocks were little changed on Wednesday as global markets focused on upcoming U.S. inflation data.
Pan-European Stoke 600 As of mid-morning, the index was flat, with most sectors in negative territory.
shares Only takeout Shortly after the market opened on Wednesday, the company’s shares soared 20% after the company said it had reached an agreement to sell its U.S. subsidiary Grubhub to Wonder for $650 million. Siemens Energy It was also the best performer on the index, with shares soaring 19.1% on Wednesday morning after the German energy company raised its medium-term financial targets.
shares ABN AMRO The Dutch bank reported a 9% drop in quarterly net profit from a year earlier and opened down nearly 1%. shares Allianz The financial services group’s third-quarter net profit rose 22%, beating expectations, and opened up 0.5%.
Investors’ main focus on Wednesday will be U.S. inflation data for October, a key factor in the Federal Reserve’s decision to cut or maintain interest rates.
Economists polled by Dow Jones expect consumer prices to rise 0.2% this month, which would bring 12-month growth to 2.6%.
Asia Pacific Stock Markets Stocks were lower overnight, tracking losses on Wall Street on Tuesday, as the tech-heavy Nasdaq and S&P 500 both snapped five consecutive gains. US stock futures were lower Tuesday night.
-CNBC’s Hakyung Kim contributed to this market report.
