Opening Bell: Futures Slump Ahead Of US Inflation Data; Dollar, Gold On Hold – Investing.com

Opening Bell: Futures Slump Ahead Of US Inflation Data; Dollar, Gold On Hold – Investing.com

All eyes on today's US CPI print amid ongoing inflation debate

Europe outperforms, betting on the reflation trade

Oil steadies

Key Events

Shares in Europe edged higher on Wednesday morning after robust corporate results offset a global tech selloff triggered by inflation fears. All four major US contracts were in the red, with the small cap underperforming, followed by the tech-heavy .

Futures on the were also lower after the 30-component, posted the largest decline of all four US indices during Tuesday's Wall Street session, dropping 1.4%. futures are also trading lower. 

Global Financial Affairs

In Europe, the Index opened higher, rebounding from a near-2% plunge on Tuesday, as investors moved out of growth and into cyclical assets. Markets are refocusing their concerns on rising inflation, which would likely force the Fed to tighten monetary policy. Miners outperformed on the pan-European benchmark, on the view that as the economy reopens it will require materials to rebuild infrastructure and boost commerce. 

Investors are eagerly awaiting today's release of US for April, ahead of the US session open. Earlier this morning, ’s and ’s numbers met expectations. 

Germany’s Commerzbank (DE:) jumped 7%, after the bank that beat expectations and