European stocks ready for a positive opening

European stocks on Wednesday market We will wait for further signals on the next steps of the Federal Reserve Board and monitor the latest developments related to South African variants of the coronavirus.

After Deputy Prime Minister Liu He promised to strengthen support for companies and expressed strong expectations for 2021, the Asian market rose sharply in optimistic views surrounding China.

A Caixin-sponsored study showed earlier today that activity in China’s manufacturing sector shrank in November for the first time in three months.

Elsewhere, Australia’s third-quarter GDP exceeded expectations, Japanese factory activity grew at the fastest pace in almost four years in November, South Korean factory activity expanded further in November, and Indians. teeth Economy It recorded a healthy growth rate of 8.4% from July to September.

According to data from the UK Retail Consortium, data from the UK Retail Consortium show that rising food prices led to a rise in UK retail prices in November for the first time in two and a half years. The over-the-counter price index rose 0.3% year-on-year in November and fell 0.4% in October.

Findings from final purchase managers from the euro area, home price data from the UK, and German retail sales in October are scheduled for the second half of the session and are the headlines of a busy day in European economic news. I am.

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

The US Treasury yield rose for a decade, but remained below 1.50 percent. The dollar index has eased and gold has recovered from its lows for the first time in a month. Prior to the meeting of the Organization of Petroleum Exporting Countries, oil tried to recover from its lows for the first time in three months.

US stocks plummeted overnight after Moderna CEO Stephane Bancel said the existing Covid-19 vaccine had problems countering Omicron variants.

Markets after Federal Reserve Chair Jerome Powell said in parliamentary testimony that the emergence of Omicron could increase uncertainty about inflation and the Fed could end the stimulus of the pandemic era sooner than expected. Has fallen further.

The Dow and S & P 500 both fell about 1.9% to their lowest closings in at least a month, while the tech-heavy Nasdaq Composite fell 1.6%.

European stocks also fell on Tuesday as uncertainty over economic growth and inflation increased.

The Pan-European STOXX 600 gave up 0.9%. Germany’s DAX fell 1.2%, France’s CAC 40 index fell 0.8%, and the UK’s FTSE 100 fell 0.7%.

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European stocks ready for a positive opening

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