European stocks opened slightly lower Wednesday, with global markets focused on upcoming U.S. inflation data.
opened almost 1% lower after the Dutch lender posted a 9% fall in quarterly net profit, compared to a year earlier. Shares ofwere up 0.5% at the open after the financial services group beat expectations with a 22% rise in third-quarter net profit.Investors' main focus on Wednesday will be October's inflation data out of the U.S., a key factor when it comes to the Federal Reserve's decision to cut or maintain interest rates.
The property and casualty division was cited as a particular area of strength because claims from natural catastrophes were down from a year ago, even though such damages remained high, the company said. Dogecoin was last up nearly 20%. It has been one of the biggest winners in the postelection rally, gaining 153% since election day compared toAn ABN Amro Group NV bank branch in Amsterdam, Netherlands, on Tuesday, Feb. 1, 2022.
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