A look at the day ahead in European and global markets from Anshuman Daga
After the inflation data, traders of interest rate futures now see the Fed raising borrowing costs three more times, bringing the policy rate to the 5.25%-5.50% range by July, if not June.
Today, January's inflation report from Britain is set to show year-on-year double-digit price increases, underlying why the country will see more interest rate rises despite being the only G7 economy that the IMFEuropean stocks, which flirted with a near one-year peak on Tuesday before ending flat, are expected to open lower as Euro Stoxx 50 futures declined. U.S. futures also edged down.
The Bank of England has had to raise borrowing costs even though the economy has struggled, after a post-pandemic boost faltered amid the country's cost-of-living crisis.in Britain grew more quickly again in the last three months of 2022, retail sales in December - when people are likely to splurge - declined by the most for that month in at least 25 years.
Speakers: ECB President Christine Lagarde takes part in a plenary debate on the ECB Annual Report 2022 in parliament
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