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European stocks set to open with steady notes

European stocks will be seen opening in solid notes on Wednesday after the World Health Organization (WHO) has eased concerns about the effectiveness of existing vaccines against new vaccines. coronavirus distortion.

However, the upside could remain somewhat restricted as geopolitical tensions between the United States and Russia increase.

After a tense two-hour summit, the United States said it was preparing a “strong response” for fear of Russia’s invasion of Ukraine.

Asian market Following a rise in Wall Street after rising across the curve on Tuesday, Treasury yields held back, but the dollar fell against most of its major peers. Oil fell in Asian trade after rising more than 3% on Tuesday.

It’s a quiet day on the economic calendar, likely to focus on French employment data and the speeches of ECB President Christine Lagarde and ECB member Degindos.

Federal Reserve Bank of Minneapolis Governor Neel Kashkari will speak Thursday and a number of Chinese data, including inflation data, will be released Thursday. The US Consumer Price Index Report is scheduled for Friday.

US stocks rose the most in nine months overnight, and the Treasury fell in optimism that Omicron stocks wouldn’t hurt global growth.

The Dow surged 1.4% and the S & P 500 surged 2.1%, while the tech-heavy Nasdaq Composite index surged 3%.

European equities also closed steadily on Tuesday as Chinese policymakers moved into easing mode and reported higher-than-expected German industrial output in October.

The European STOXX 600 in hot pot soared 2.5 percent. Germany’s DAX surged 2.8%, France’s CAC 40 index rose 2.9%, and the UK’s FTSE 100 rose 1.5%.

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European stocks set to open with steady notes

Source link European stocks set to open with steady notes

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