DAXEUR

The German index has retreated to await the US Core PCE inflation data, which will be the main determinant of global risk appetite on the last trading day of the week. The strong US employment data released yesterday strengthened expectations that the Fed will not be hasty in cutting interest rates, putting some pressure on the stock markets. A hot inflation figure that exceeds expectations, to be released today, could reignite "hawkish Fed" concerns globally and trigger sales in the export-oriented DAX index.