European Markets Wrap-Up: Eurozone January preliminary CPI +1.7% vs +1.7% y/y expected

Wednesday, 04 Feb, 2026 News Eurozone January preliminary CPI +1.7% vs +1.7% y/y expected Prior +1.9% Core CPI +2.2% vs +2.3% y/y expected Prior +2.3% At around the same time, we're getting the Italian preliminary CPI estimate for January as well. The data as per the following: CPI +% vs + Commodities Gold still poised to return to hit the $6,000 mark by year-end, says Deutsche The sharp pullback since last week is not deterring gold buyers whatsoever and we're already seeing that in the price action over the past two days. The recovery is looking solid and we're now approac Learn more News UK January final services PMI 54.0 vs 54.3 prelim Prior 51.4 Final Composite PMI 53.7 vs 53.9 prelim Prior 51.4 Key findings : Output growth rebounds to a five-month high Solid increase in new work Job losses continue, despite improved business optim Central Banks ECB and BOE meetings this week to be rather straightforward - Morgan Stanley The central bank bonanza will return tomorrow with both the ECB and BOE delivering on their respective monetary policy decisions. No major fireworks are expected whatsoever, so it should be rather str Stocks Qualcomm stock analysis ahead of earnings: Expected move, positioning, and our score Market snapshot for QCOM before its earnings tonight It's been a whirlwind 24 hours for Wall Street as a big divergence hits US stocks , leaving many investors wondering if the long-awaited cyclical t News Eurozone January final services PMI 51.6 vs 51.9 prelim Prior 52.4 Composite PMI 51.3 vs 51.5 prelim Prior 51.5 Both the services and composite readings are four-month lows, signaling a sustained loss of momentum and leaving the overall rate of growth well News Germany January final services PMI 52.4 vs 53.3 prelim Prior 52.7 Final Composite PMI 52.1 vs 52.5 prelim Prior 51.3 Key findings : Employment falls at joint-fastest rate since June 2020 Comment : Commenting on the PMI data, Cyrus de la Rubia, Chief Econo News France January final services PMI 48.4 vs 47.9 prelim Prior 50.1 Composite PMI 49.1 vs 48.6 prelim Prior 50.0 The headline reading is better than the initial estimate but still points to a first contraction in three months for France's services sector. O Learn more News Italy January services PMI 52.9 vs 51.4 expected Prior 51.5 Composite PMI 51.4 vs 50.3 prior Key findings : Stronger growth in output, but softer rise in inflows of new business Outlook dims with hiring activity slowing Cost pressures cool but charg

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