European equities ready to get off to a solid start

European equities are likely to rise on Tuesday as investors’ focus shifts to the Federal Reserve Board’s policy meeting scheduled this week.

Stock prices in Asia were generally high, albeit in China and Hong Kong. market It fell as traders returned from a long weekend to catch up with the global market.

Kim expanded its losses on the third day as the dollar settled in fear of hawkish surprises from the Fed towards a meeting statement on Wednesday.

Traders pay close attention to changes in the Fed’s comments on inflation. Earlier statements are primarily due to “temporary factors” in rising inflation.

Changes to the Fed’s forecasts for economic growth, inflation and interest rates will have a significant impact on the outlook for monetary policy.

Crude oil surpassed $ 71 a barrel amid prolonged nuclear negotiations. Bitcoin once again surpassed $ 40,000 and reached its highest level in more than two weeks after billionaire hedge fund manager Paul Tudor Jones said he liked digital currencies.

UK unemployment data and Germany’s revised CPI data, scheduled for the second half of the session, represent a bright day in European economic news.

Beyond the Atlantic, reports of producer price inflation, retail sales and industrial production may be offensive.

US stocks finished the mix overnight as investors refrained from making big bets ahead of this week’s Federal Reserve Board in the face of a shortage of major catalysts.

The Dow fell 0.3%, while the S & P 500 rose 0.2% and the tech-heavy Nasdaq Composite index rose 0.7% to a record high.

European stocks closed sharply on Monday, despite the UK’s postponement of the hike plan. Coronavirus One month blockade limit due to a surge in COVID-19 delta variants.

The Pan-European STOXX 600 rose 0.2%. Germany’s DAX fell 0.1%, while France’s CAC 40 index and the UK’s FTSE 100 both rose about 0.2%.

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European equities ready to get off to a solid start

Source link European equities ready to get off to a solid start

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