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European stocks ready for mixed opening

Despite the overnight rise on Wall Street on Tuesday, European stocks can be seen opening in mixed notes.

Asian market The Chinese and Japanese markets are closed due to holidays and trading is mixed. Oil prices fell after rising by more than 1% overnight.

Gold fell from a two-month high due to the strong dollar after US Federal Reserve Chairman Jerome Powell said the US economic outlook was “clearly brighter,” but recovery remains uneven. Is.

The Fed’s governor, John Williams, said the current situation was “not enough” to change the stance of monetary policy.

Mortgage approvals and final factory purchase manager survey data from the UK, scheduled for the second half of the session, represent a bright day in European economic news.

Across the Atlantic, reports of US trade deficits and factory orders may draw attention.

Treasuries finished mixing overnight as government bonds rose and data showed chilled manufacturer growth in April.

The Dow rose 0.7% and the S & P 500 rose 0.3%, while the tech-heavy Nasdaq Composite fell 0.5%.

The European market ended Monday’s session higher after the data showed a surge in German retail sales and expanded factory activity in the euro area.

The Pan-European STOXX 600 rose 0.6%. Germany’s DAX rose 0.7% and France’s CAC 40 index rose 0.6%, but the UK market was closed due to vacations.

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European stocks ready for mixed opening

Source link European stocks ready for mixed opening

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