LIVE MARKETS-Europe before the bell: Futures higher, eyes on CPI

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EUROPE BEFORE THE BELL: FUTURES HIGHER, EYES ON CPI

European equity futures are climbing again on Tuesday as markets continue to shrug off worries about the Fed's independence and the ever-more-complicated geopolitical landscape.

Euro STOXX 50 futures STXEc1 are up about 0.3% after the index jumped 0.3% on Monday to a new record. Year-to-date, the index is up about 4%.

Shares in Orsted ORSTED.CO are called to open higher after a U.S. federal judge cleared the company to resume work on its Rhode Island offshore wind project.

UBS UBSG.S shares will also be in focus after the FT reported that CEO Sergio Ermotti is planning to step down in April 2027.

Looking ahead, attention will be on December's U.S. CPI figures as U.S. data begins to normalise post the shutdown at the end of last year.

The CPI likely increased by 0.3% last month, a Reuters survey of economists predicted. In the 12 months through December, the CPI is forecast to have increased 2.7%, matching November's gain.

(Samuel Indyk)

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