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European stocks ready for mixed open

European stocks can be seen opening on Tuesday with some mixed notes market Trading will resume after a Whit Monday holiday.

The Asian market followed Wall Street after several Federal Reserve Boards argued that inflation in the United States was temporary and not the time to rethink monetary policy. Coronavirus Pandemic.

Gold fell in Asian trade, but remained close to its highest level in more than four months against the backdrop of a weaker dollar.

Bitcoin remained profitable as Elon Musk expressed support for a clear effort to improve green credentials.

Crude oil prices rose more than 3% overnight, then rose on the third day and remained high for about a week.

In the economic release, investors are paying attention to the closely-followed German release of the IFO Institute. business Confidence index for further insight into pandemic recovery.

Philip Lane, Chief Economist at the European Central Bank, will also speak at the Peterson Institute for International Economics Strategic Review later that day.

Across the Atlantic, transactions later in the day could be affected by reactions to reports on home prices, new home sales, and consumer confidence.

CEOs of the largest US banks, including JP Morgan and Goldman Sachs, will testify in front of Senate Bank and Home Financial Services Commission members Wednesday.

US stocks rose overnight as the US Treasury’s lower yields and the Biden administration’s decision to shrink its infrastructure plan helped alleviate immediate inflation concerns.

The Dow rose 0.5%, the S & P 500 rose 1%, and the tech-heavy Nasdaq Composite index rose 1.4%.

European stocks approach record highs on Monday Technology Stocks that lead continued optimism about the recovery of the world economy.

The Pan-European STOXX 600 rose 0.1% and several markets in the region were closed due to holidays. France’s CAC 40 index rose 0.4% and the UK’s FTSE 100 rose 0.5%.

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European stocks ready for mixed open

Source link European stocks ready for mixed open

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