STOCK EXCHANGE: A fragmented opening in Europe | Trade magazine

In Europe, too, investors’ attention is drawn to Wednesday’s US inflation figures.

Bloomberg’s the consensus forecast of economists collected estimates that US inflation rose 2.6 percent year-on-year in October. In September, inflation was 2.4 percent.

After a while of trading, the broad Stoxx 600 index was down 0.1 percent. London’s FTSE 100 index was up 0.1 percent, Paris’ CAC 40 index was up 0.03 percent and Frankfurt’s DAX index was up 0.03 percent. The Stockholm Stock Exchange’s OMXS30 index was down 0.1 percent.

One of the largest banks in the Netherlands ABN Amro reported its third quarter interim report on Wednesday. ABN Amro’s net income fell nine percent year-on-year, but the result still exceeded analysts’ forecasts.

German bank Commerzbank is considering buying a medium-sized German bank as part of its strategy to avoid the Italian one UniCreditin from the takeover, Reuters’ anonymous sources say.

According to Reuters, the plans are in the initial stages and the bank to be bought could be, for example Hamburg Commercial Bank this Oldenburgische Landesbank.

Swedish payment service company Klarna said on Tuesday that it has filed the required documents for the listing. Klarna plans to list in the United States. It is not yet known at what price the listing will take place, but according to Bloomberg’s estimate, Klarna’s value could be around $14.6 billion.

On the basis of futures, Wall Street is expected to open downward.