Market Updates
German Trade Surplus Expands, Italy's Inflation Hovers Near 4-decade Peak
Bridgette Randall
05 Jan, 2023
Frankfurt
European markets turned weaker after three days of gains and market sentiment turned cautious after the release of the U.S. Fed policy meeting minutes.
Market indexes struggled to gain traction after investors weighed the easing of inflation in Italy and the U.S. policy makers expressed support for raising rates to restrictive levels.
Investors also were on the backfoot after two separate jobs reports highlighted tight labor market conditions in the U.S. sending signals for the Federal Reserve to continue to lift rates in 2023.
German Trade Surplus Expands In November
Germany's international trade surplus increased in November after imports fell at a faster pace than exports, the Federal Statistics Office said Thursday.
International trade surplus in November rose to a seasonally adjusted
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