Business

European equities ready to get off to a solid start

European equities on Thursday could rise slightly as inflation concerns and concerns about defaults from the Evergrande and Kaisa could keep the underlying sentiment cautious.

China’s consumer inflation rose to its highest level in more than a year in November, but factory inflation in China slowed slightly from its 26-year high.

Meanwhile, as Germany, France, and the United Kingdom re-impose virus-driven activity restrictions, studies by Japanese scientists show that the Omicron variant of Covid-19 is 4.2 times more infectious in the early stages than Delta. Became clear.

Asian market Gold fell to a stronger dollar ahead of the Fed’s meeting next week, but mixed trading and the Treasury remained stable after the fall.

Oil expanded after last week when the Energy Information Administration (EIA) reported a decline in US crude oil inventories.

The day before the economic calendar is quiet as it is likely to focus on the latest US unemployment claims ahead of Germany’s trade data in October and major US inflation data scheduled for Friday. is.

Strong US inflation is believed to increase pressure to accelerate the termination of the Federal Reserve’s asset purchase program.

US stocks closed on Wednesday’s third day after pharmaceutical companies BioNTech and Pfizer said a third dose of the vaccine would be effective in preventing new drugs. coronavirus distortion.

The Dow ended flat with a positive bias, but the S & P 500 rose 0.3% and the tech-heavy Nasdaq Composite index rose 0.6%.

In Europe’s announcement of major new regulations in the UK to curb concerns surrounding China’s real estate sector, rising tensions between the U.S. and Russia on Ukraine, and the rapidly expanding variant of Omicron. Stocks fell profitably on Wednesday.

The Pan-European STOXX 600 fell 0.6%. Germany’s DAX fell 0.8%, France’s CAC 40 index fell 0.7%, and the UK’s FTSE 100 fell slightly.

Contact for comments and feedback: editorial@rttnews.com

Market analysis



European equities ready to get off to a solid start

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

Back to top button