EUROPEAN SHARES 

European equities were trading slightly lower at Friday’s open, without clear direction, following a negative Asian session as Chinese inflation weighs on market sentiment. Even if most investors were recently reassured by FED officials confirming the need to persist with the current strong monetary support to the economy, today’s CPI data from China Revived Inflation Worries. While the current investment landscape remains significantly positive for stocks on the mid-term, some investors, pushed by the prospective of higher borrowing costs, prefer to take some profits following record highs registered by many benchmarks.

Traders will keep trying to get more clues about the inflation outlook, so today’s focus is likely to stay towards macro data, especially with the US Producer Price Index due later in the afternoon. Today’s best performance comes from Milan despite the FTSE-MIB index breaking its bullish trendline and trading below the strong 24,420 pts level.

Pierre Veyret– Technical analyst, ActivTrades

The post Daily market commentary: CPI data from China Revived Inflation worries. appeared first on LeapRate.