Germany confirms harmonized inflation at 2.4% for November
Germany issued a final reading of its November inflation data on Tuesday, confirming the preliminary harmonized print of a 2.4% year-on-year increase, according to state news agency Destatis.
It noted that the November inflation was exacerbated by price hikes in the services sector, but benefitted from a “dampening effect” from energy prices.
— Chloe Taylor
China posts unexpected imports slowdown
Import and export data from China’s customs authority fell short of expectations on Tuesday.
Imports in U.S. dollar terms for November contracted 3.9% year-on-year, the biggest decrease since Sept. 2023. Meanwhile, exports were up 6.7% — but analysts polled by Reuters had anticipated a year-on-year rise of 8.5%.
Read the full story here.
— Chloe Taylor
CNBC Pro: Deutsche Bank names its UK “top pick” stocks with compounding growth potential — and one has more than 50% upside
Deutsche Bank has named seven London-listed companies in the business services sector as its top investment picks for 2025, highlighting shares with strong growth potential and defensive characteristics in an uncertain market environment.
One of the stocks has the potential to rise by more than 50% over the next 12 months, the bank said.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European markets: Here are the opening calls
European markets are expected to open in negative territory Tuesday.
The U.K.’s FTSE 100 index is expected to open 38 points lower at 8,315, Germany’s DAX down 76 points at 20,274, France’s CAC down 31 points at 7,454 and Italy’s FTSE MIB down 139 points at 34,429, according to data from IG.
There are no major earnings releases in Europe Tuesday. Data releases include final German inflation data for November.
— Holly Ellyatt