European Equities Higher Awaiting US Inflation Report, DAX Gains 0.13%

Forex News

The European shares were trading higher. Germany's DAX stock index is trading at 12,434.53, adding 0.13% today. European stocks were stable last week, despite the worry of a possible trade war due to the decision of US President Trump on the tariffs for steel imports and aluminum. Last week, the DAX grew by 4.4%.

The decision of the US President to introduce 25% taxes on steel imports and 10% on aluminum imports, caused a stiff opposition not only from other countries, but also surrounded by the Trump. The EU and China said they would take retaliatory measures on imported goods from the United States, if Trump's trade measures threaten global trade.

The US Commerce Department will publish February inflation figures today, which will be a key ingredient for the Federal Reserve to contemplate ahead of its March 20-21 monetary policy meeting. Market analysts expect consumer prices to rise 0.2%, weakening from January's 0.5% growth, while core inflation is forecast to inch up 0.2%, a touch slower than a month earlier, when core CPI recorded a 0.3% gain. On a yearly base, core CPI is projected to climb 1.8%, unchanged from the preceding month. Rising inflation would be a catalyst to push the Fed toward raising interest rates at a faster pace than currently expected.