European stock markets showed an upward trend in premarket trading on Tuesday, with investors anticipating the release of October’s final inflation report for the Eurozone. Preliminary figures indicated consumer prices rose to 2%, up from 1.7% in September. Meanwhile, fresh data on Swiss foreign trade is also set to be released before markets officially open. In the corporate sector, ThyssenKrupp AG published its fourth-quarter financial results, adding to the day’s business updates.
By 8:00 am CET, Germany’s DAX increased by 0.11%, and the UK’s FTSE 100 saw a rise of 0.29%. France’s CAC 40 remained steady, while the Euro Stoxx 50 showed a slight gain of 0.11%. Currency markets reflected minimal movement at 7:58 am CET, with the euro and the pound trading flat against the dollar at $1.05941 and $1.26771, respectively.
European indices experienced modest gains ahead of key economic data, signalling cautious optimism among investors as they monitored inflation trends and corporate performance.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.