Two Fed officials predict that the period of high inflation in the United States may last longer than expected, but European stocks trade high on Thursday. May start.
Federal Governor Raphael Bostic and Federal Governor Michelle Bowman both said that “temporary” inflation could take longer than expected to decline.
Dallas Fed President Robert Kaplan, who worked to raise rates next year, said in an interview with Bloomberg News. Economy It may sooner or later meet the Fed’s criteria for tapering asset purchases.
Asian market WHO struggled for direction after warning that the delta variants of the coronavirus currently reported in 85 countries are expected to become the “dominant lineage.”
Investors’ focus returned to Sino-US relations after the Biden administration ordered a ban on imports of major solar panel materials from Chinese companies from the United States on suspicion of human rights abuses.
The US Department of Commerce has individually restricted exports to Hoshine, three other Chinese companies, and the paramilitary Xinjiang Production and Construction Corps (XPCC).
Gold fell as the dollar rose to a high of nearly 11 weeks in response to conflicting signals from the Federal Reserve Board on rate hikes.
Benchmark 10-year U.S. Treasury yields fell below 1.50% and Bitcoin traded at around $ 33,500, while oil was $ 73 a barrel with data showing a plunge in U.S. crude and gasoline inventories. Was traded beyond.
German IFO business The report will be released that day and more are expected.
The Bank of England is not expected to change its stimulus package later today, but investors are looking for hints to tighten next year.
Across the Atlantic, trade can be affected by a reaction to the latest US economic data, including reports on initial unemployed billing and consumer durables orders.
After strong manufacturing data and reassurance from Federal Reserve Chairman Jerome Powell that inflationary pressures are temporary, U.S. stocks remain largely unchanged in a quiet overnight session. It was.
The technology-intensive Nasdaq Composite rose 0.1%, setting a new record. The Dow fell 0.2% and the S & P 500 fell 0.1%.
European stocks fell during Wednesday’s session as inflation concerns cast a shadow over promising economic data in the euro area.
The Pan-European STOXX 600 fell 0.7%. Germany’s DAX fell 1.2%, France’s CAC 40 index fell 0.9%, and the UK’s FTSE 100 fell 0.2%.
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European stocks set to mute open
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