off-the-wire

LIVE MARKETS-European futures head lower

Kitco Media
By Reuters
Published:
Updated:
Reuters
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EUROPEAN FUTURES HEAD LOWER (0734 GMT) European futures are heading lower this morning, with those on the STOXX 50 , DAX and FTSE all down 0.3%-0.4%. U.S. futures are up by a marginal 0.1%.


The day has already kicked off with the release of Germany's latest inflation, which showed a rise of 9.2% on the year in January and a month-on-month increase of 0.5%. Italy will follow suit with CPIs at 0900 GMT.


At the open, eyes will be on Lloyds , after the UK lender reported flat annual profit for 2022 on Wednesday. In more positive news, carmaker Stellantis said on Wednesday operating profit grew 17% in the second half of last year, and Europe's biggest utility Iberdrola expects net profit to grow this year.


Post-European close, traders will be pouring over newly released minutes from the Federal Reserve's last meeting for hints over how the central bank's tricky task is going. (Lucy Raitano)
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