European equities are likely to open mixed trading on Tuesday as investors are waiting for more clues about the outlook for inflation and central bank stimulus.
Asian market Trading was mixed as investors weighed the risks of inflation against the signs of a strong economic recovery.
According to the data, the dollar has risen against the yen. Economy Shrank at a slower pace than originally reported in the first quarter.
US inflation data will be released Thursday, and investors are waiting for more clarity as to when the Fed will begin to curtail its stimulus package.
The European Central Bank will meet on Thursday and the Central Bank will review the pace of emergency bond boys. Given recent dovish comments, most analysts expect the central bank to maintain a buying pace in the third quarter as well.
Iran and the world’s major powers will attend the fifth round of talks in Vienna on Thursday, which may include the lifting of Washington’s economic sanctions on Iran’s oil exports.
Elsewhere, the Group of Seven leaders’ summit will begin on Friday in Cornwall, England.
Germany’s industrial production and economic confidence figures will be released later in the session, marking a bright day for European economic news.
US stocks closed mixedly last night amid protracted inflation concerns and news of global minimum corporate tax rates.
The Dow fell 0.4% and the S & P 500 fell 0.1%, while the tech stock Nasdaq Composite rose 0.5%.
European equities also ended Monday’s session at confusing prices following Treasury Secretary Janet Yellen’s comments on spending, inflation and interest rates.
The Pan-European Stoxx 600 rose 0.2%. Germany’s DAX fell 0.1%, France’s CAC 40 index rose 0.4%, and the UK’s FTSE 100 rose 0.1%.
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European stocks set to mixed open
Source link European stocks set to mixed open