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European Markets Down, Futures Fall Ahead of Key Inflation Data

“S&P 500 mini futures were down 0.48%, implying a 14-point fall, and Nasdaq futures were off 0.43%” writes Lisa Botter for thestreet.com. European markets fell on Wednesday, April 11, and Wall Street futures were down ahead of key inflation data out of the U.S. expected at 8:30 am ET. The Dow Jones Industrial Average futures at 3:30 am ET point to a 102 point drop when markets open.European markets opened lower, with London’s FTSE 100 down 0.22% at 7,251, Germany’s Dax fell 0.25% to 12,7366 and France’s Cac 40 lost 0.31% to 5,290.The U.S. consumer price index is expected by economists to come in at 2.3%, and the core inflation reading will likely hit 2%, according to Factset concensus data, the Federal Reserve’s inflation target.Asian markets were mixed, with China’s Shanghai Composite Index up 0.28% and Hong Kong’s Hang Seng up 0.53%.
Source: thestreet.com

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