Bursa Saham Eropa Melonjak, Data Inflasi Jerman Menjadi Fokus Utama

European stocks are expected to open slightly higher on Thursday as investors focus on the region's banking sector and the latest inflation data due out. Our daily stock roundup is based on investing.com.

At 2:00 a.m. ET (06:00 GMT), Germany’s DAX futures were trading 0.3% higher, France’s CAC 40 futures were up 0.2%, and the U.K.’s FTSE 100 futures were up 0.2%. This suggests that European stock markets may see modest gains at the open on Thursday. However, the stock market’s movement could change at any time depending on global market conditions and the latest economic news. On Wednesday, European equity markets closed with solid gains, led by a rise in shares of UBS (SIX: UBSG), a Swiss banking firm. UBS shares rose more than 3% after Sergio Ermotti announced he would return to his role as CEO of the company. The move comes as the lender seeks to integrate troubled peer Credit Suisse following its government-sponsored takeover. UBS’s rise helped ease tensions in the banking sector, which has been in the spotlight of late. The gains also helped lead gains in other financial sectors in European equity markets.

But with banking concerns easing, investors’ attention has largely shifted to the central bank’s battle to tame inflation. The Fed’s preferred core PCE index is due out on Friday, but before that comes preliminary CPI data from Germany, the euro zone’s largest economy.

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North Rhine Westphalia was the first German state to report its March CPI. The region’s March CPI rose by 0.6%, representing a slowdown in growth from the previous month. In addition, the region’s annual CPI rose by 6.9%, also a slowdown from the previous annual increase of 8.5%. This offers hope that inflation in the region is finally slowing. There are several economic data releases scheduled in Europe on Thursday, including Spanish consumer prices and Italian producer prices, as well as Eurozone consumer confidence data. All of this data is anticipated to provide an indication of the economic health of the region ahead of the official Eurozone Consumer Price Index (CPI) release due on Friday. On the corporate front, market attention will be focused on the financial results report from the world’s second-largest apparel retailer, Hennes & Mauritz (ST:Hmb). The report is expected to provide insight into the performance of the company and the retail sector as a whole. Meanwhile, oil prices edged higher on Thursday, after a drop in U.S. crude stockpiles and disruptions to oil exports from the Kurdish region. However, oil prices are still influenced by the geopolitical situation and uncertainty in the global market. U.S. crude oil inventories fell by about 7.5 million barrels in the week to March 24, the biggest decline since late November, according to official data from the U.S. Energy Information Administration. In addition, disruptions to Kurdistan oil shipments have cut about 450,000 barrels per day, or about 0.5% of daily global oil supplies, tightening the global supply situation. At 2:00 a.m. Eastern Time, U.S. crude futures rose 0.2% to $73.13 a barrel, while Brent futures rose 0.2% to $77.73. Both contracts have risen more than 2% for the week. However, this year, crude prices have fallen significantly due to concerns about an economic slowdown that could reduce demand for crude. The information you provide is about the movement of gold futures and the EUR/USD currency pair at a certain time. Gold futures fell 0.1% to $1,983.05/oz, meaning that the price of gold fell 0.1% from its previous price and was at $1,983.05 per ounce. Meanwhile, EUR/USD fell slightly to 1.0842, meaning that the euro exchange rate against the US dollar fell slightly and was at that time equal to 1.0842 US dollars per euro.

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