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European stocks set to open with solid notes

European stocks are likely to rise and open trading on Tuesday, despite mixed earnings news from major US companies.

Social media giant Facebook reported third-quarter revenues were higher than expected, but revenues were below estimates.

Computer peripherals maker Logitech International reported increased sales in the second quarter, but non-GAAP operating profit fell 40% in the second quarter.

Universal Health Services reported lower-than-expected third-quarter earnings on Wall Street.

Asian market Japan’s Nikkei index has risen by nearly 2% after a new poll suggests that Prime Minister Fumio Kishida’s ruling Liberal Democratic Party is likely to retain more than half of parliamentary seats in this weekend’s general election.

Markets in China and Hong Kong were sluggish after China announced that it would introduce pilot real estate taxes in some regions over the next five years.

Gold fell in Asian trade as the dollar and benchmark 10-year Treasury yields rose slightly.

Oil has solidified as traders shift their focus to weekly inventory data and future negotiations between Iran and the Western nations.

It’s a quiet day on the Eurozone economic calendar. Across the Atlantic, transactions may be affected by responses to reports on home prices, new home sales and consumer confidence.

As the debate over inflation risk intensifies, traders wait for the ECB interest rate decision on Thursday as central banks begin to raise historic low interest rates and slow down bond purchases under stimulus in a major pandemic era. It suggests that it may be adjusted.

Elsewhere, UK Treasury Minister Rishi Sunak will present the country’s budget on Wednesday, which is widely expected to include an additional £ 5.9 billion in spending. health Service for the next few years.

The Federal Reserve Board of Governors may meet next week to announce plans for the Central Bank to begin curtailing its asset purchase program.

US stocks soar overnight as Tesla stocks surge with huge rental orders of 100,000 units and Speaker of the House Nancy Pelosi has expressed confidence that Congressional Democrats are approaching trading with large spending packages bottom.

The Dow rose 0.2%, the S & P 500 rose 0.5% to set a new record, and the tech-heavy Nasdaq Composite rose 0.9%.

European stocks closed at near highs on Monday as concerns over China’s Evergrande debt problems eased.

The Pan-European STOXX 600 ended flat with a positive bias. Germany’s DAX rose 0.4%, the UK’s FTSE 100 rose 0.3%, while France’s CAC 40 index fell 0.3%.

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European stocks set to open with solid notes

Source link European stocks set to open with solid notes

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