2/1, 8:03 AM (Source: TeleTrader)
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Europe up premarket prior to CPI data, Fed update

Major stock markets across the European continent saw slight gains ahead of Wednesday's opening bell as investors focused on the upcoming policy decision from the Federal Reserve, which is expected to bring rates up by 25 basis points.

As the earnings season heated up, Novartis, GSK and Vodafone were all expected to publish their fourth-quarter financial results throughout the day. The day will also be marked by the first preliminary inflation data for January, with markets expecting a slight decline.

The FTSE 100 slipped 0.06%, the DAX gained 0.08%, the CAC climbed 0.13% and the Euro Stoxx 50 expanded by 0.16% at 8:02 am CET. The euro traded flat and the pound lost 0.09% against the dollar at the same time to sell for 1.08717 and 1.23170, respectively.

Baha Breaking News (BBN) / ND