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European stocks set to open in flat notes

European equities on Friday could rise slightly from flat in the Fed’s reassurance that inflation will not go out of control.

Benchmark 10-year bond yields Thursday two weeks, pressured by fresh pigeon comments from Fed Chair Jerome Powell and weaker than expected first weekly unemployment claims data released overnight The dollar fell as it remained close to 1.6% near the valley.

Gold will be held near the peak of more than a month scaled in the previous session and will record its first weekly profit three times amid the weak dollar.

Oil traded for nearly $ 60 a barrel after Saudi Arabia defended the OPEC + plan to increase production and stated that the alliance was agile enough to divert as needed.

Asian market Trading is generally low as the number of cases of Covid-19 in Japan has increased and inflation data in China has been surprised upwards.

U.S. stocks rose overnight, upward pressure on prices was temporary, and inflation expectations “sustainably and substantially” set target thresholds after Fed Chair Jerome Powell downplayed the risk of inflation. The central bank claimed to react if it began to surpass.

The technology-intensive Nasdaq Composite rose 1%, the S & P 500 rose 0.4%, and the Dow rose 0.2%.

The European market finished Thursday’s session steadily as traders backed up bright data from the US, Europe and Asia and responded positively to the minutes of the Federal Reserve Board’s March meeting.

Meanwhile, minutes from the ECB’s recent meeting, policymakers discussed a slight increase in bond purchases and agreed to accelerate purchases this quarter, provided that conditions could allow later reductions. I showed that.

The Pan-European STOXX 600 rose 0.6%. Germany’s DAX rose 0.2%, France’s CAC 40 index rose 0.6%, while the UK’s FTSE 100 rose 0.8%. This is underpinned by optimism about the UK’s relaxation of blockade restrictions.

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European stocks set to open in flat notes

Source link European stocks set to open in flat notes

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