European markets head for positive open as traders await latest U.S. inflation data

European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S.

The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,785, Germany’s DAX up 75 points at 22,104, France’s CAC up 12 points at 8,042 and Italy’s FTSE MIB 102 points higher at 37,798, according to data from IG.

Global market focus is on the latest U.S. consumer price index report for January that will be published on Wednesday.

Headline inflation is expected to have grown 0.3% from the prior month and 2.9% from 12 months earlier, according to Dow Jones. Some economists on Wall Street have raised concerns that even as certain categories may see disinflation, Trump’s tariffs could offset that. More inflation data is due on Thursday, with the producer price index set to be released.

— CNBC’s Brian Evans contributed to this market summary

Source

World

India economy estimated to grow 7.4% in fiscal year 2026 despite looming trade uncertainties

January 7, 2026

India is set to become the world’s fourth-largest economy. Dinodia Photo | Corbis Documentary | Getty Images Amid rising global trade uncertainties, India’s economy is projected to grow 7.4% in the fiscal year ending March 2026, higher than 6.5% in the last fiscal year, according to first advance estimates released by the Indian government on […]

World

Trump’s shake-up of the old world order sends shockwaves through Europe

January 7, 2026

Ursula von der Leyen, president of the European Commission, UK Prime Minister Keir Starmer, Finland’s President Alexander Stubb, Ukraine’s President Volodymyr Zelenskiy, US President Donald Trump, France’s President Emmanuel Macron, Italy’s Prime Minister Giorgia Meloni, Germany’s Chancellor Friedrich Merz, and NATO Secretary General Mark Rutte gather and chat with each other in the Cross Hall […]

World

Euro zone inflation hits 2% in December, in line with forecasts

January 7, 2026

Downtown Amsterdam Jacobh | E+ | Getty Images Euro zone inflation stood at 2% in December, flash data from Eurostat showed on Wednesday. Economists polled by Reuters had expected the inflation rate to cool to 2%, in line with the European Central Bank’s (ECB) target. In November, the inflation rate stood at 2.1%. Core inflation, […]