CEE MARKETS-Trade uncertainty weakens stocks, inflation weighs on forint
Emerging European stocks tracked other
European markets lower in early trade on Tuesday driven by uncertainty over a
looming deadline for U.S. tariffs on China, while a pick-up in inflation weighed
on the Hungarian forint.
Hungarian headline inflation rose to an annual 3.4% in November, slightly
above market expectations..
The forint edged 0.1% lower on the day.
The forint has lost 3.2% against the euro this year, the region’s worst
performing curr
European markets lower in early trade on Tuesday driven by uncertainty over a
looming deadline for U.S. tariffs on China, while a pick-up in inflation weighed
on the Hungarian forint.
Hungarian headline inflation rose to an annual 3.4% in November, slightly
above market expectations..
The forint edged 0.1% lower on the day.
The forint has lost 3.2% against the euro this year, the region’s worst
performing curr
Posted by Reuters