The lower open expected in Europe this morning comes after a gloomy trading session in Asia-Pacific markets, with sharp moves in the price of oil.
CNBC Pro: The five global stocks experiencing the de-globalisation trend, according to HSBC
In a tough economic environment with recessionary pressures, the bank said turning inwards is"probably helpful" for these stocks. The U.K.'s FTSE index is expected to open 47 points lower at 7,341, Germany's DAX 86 points lower at 13,106, France's CAC 40 down 28 points and Italy's FTSE MIB 132 points lower at 22,010, according to data from IG.report for August which showed prices rose by 0.1% for the month and 8.3% annually in August, the Bureau of Labor Statistics reported Tuesday, defying economist expectations that headline inflation would fall 0.1% month-on-month.
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