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European stocks are likely to move sideways when open

European stocks may open in mixed notes on Wednesday after the US market Driven by tech stocks and bright earnings reports, it remained strong overnight.

The Asian market traded primarily at high prices, with signs of progress on Joe Biden’s huge spending bill.

China has raised $ 4 billion from the sale of US dollar bonds that mature in 3, 5, 10 and 30 years. Earlier today, the central bank of China did not change the benchmark loan prime rate.

North Korea has confirmed that it has successfully tested a submarine-launched ballistic missile, and geopolitical tensions are drawing the attention of investors.

The US benchmark 10-year Treasury yield surged to its highest level since May 20, but the dollar fell, making gold cheaper for buyers in other currencies.

Oil fell from its seven-year high after industry data showed another increase in US crude oil reserves. Bitcoin has fallen below the record level reached in April.

UK consumer and producer price data will be released later in the day, celebrating a bright day in European economic news.

US stocks rose overnight as bright earnings news from leading companies helped offset concerns about inflation and slowing growth in supply chain bottlenecks.

The Dow rose 0.6%, while both the S & P 500 and the tech-heavy Nasdaq Composite rose about 0.7%.

European equities rose on Tuesday in an optimistic view of corporate profits. The Pan-European STOXX 600 rose 0.3%.

Germany’s DAX rose 0.3%, the UK’s FTSE 100 rose 0.2%, while France’s CAC 40 fell slightly.

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European stocks are likely to move sideways when open

Source link European stocks are likely to move sideways when open

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