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European stocks opened on a solid foothold

US Treasury Secretary Janet Yellen reveals he doesn’t anticipate a Fed rate hike to curb spending-stimulated inflation proposed by President Joe Biden, European stocks could rise on Wednesday There is sex.

Yellen said in a comment webcast at the Atlantic Future Economy Summit earlier Tuesday that interest rates may need to be raised slightly to maintain them. Economy From overheating.

Asian stocks are mixed and traded in thin trades, market We are closed due to holidays in Japan, China and South Korea.

Gold rose due to the weaker dollar, but oil prices rose overnight after industry data showed that US crude oil reserves were much lower than expected last week.

Eurozone private sector PMIs are scheduled for the second half of the session. Investors are also waiting for a speech from Philip Lane, a member of the European Central Bank’s (ECB) board of directors.

The Bank of England will announce the latest interest rate decisions on Thursday with the latest economic forecasts.

Beyond the Atlantic, trade may be affected by responses to reports on private sector employment and services sector activities.

Federal Reserve Bank-Chicago President Charles Evans will give a virtual speech at an event hosted by Bard College, and Federal Reserve Bank of Cleveland President Loretta Mester will give a virtual speech to the Boston Economic Club.

US stocks fell sharply overnight after Yellen suggested that interest rates might have to rise moderately to prevent the economy from overheating in the recent surge in government spending.

The technology-intensive Nasdaq Composite fell 1.9% and the S & P 500 fell 0.7%, but the Dow reversed its early slides and rose slightly.

European equities fell on Tuesday amid inflation and valuation concerns. Coronavirus Cases continued to surge in some countries.

The Pan-European STOXX 600 fell 1.4%. Germany’s DAX plunged 2.5%, France’s CAC 40 index gave up 0.9%, and the UK’s FTSE 100 fell 0.7%.

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European stocks opened on a solid foothold

Source link European stocks opened on a solid foothold

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