Business

European stocks that are likely to open with caution

European equities are set to open cautiously on Monday as investors are worried about slowing global growth and rising inflationary pressures.

Investors are waiting for US consumer inflation this August, amid concerns that the Federal Reserve and other central banks may move faster to raise interest rates from very low levels.

US wholesale inflation data released late last week show that prices rose 8.3% annually last month, the largest annual rise since the Ministry of Labor began calculating 12-month figures in 2010. Is shown.

Japan’s massive inflation rate remained close to its 13-year high in August as the country prepares for a transition to leadership.

Asian market China’s tech stocks declined in Hong Kong after the Financial Times reported that Beijing wanted to dissolve Ant Group’s Alipay and create another app for the loan, resulting in mixed trading jobs..

China’s electric vehicle inventories have also declined after China’s industry minister said there were “too many” EV makers in China and the government would encourage integration.

Trade tensions remained in the spotlight of investors, even after the Biden administration was reported to be considering a new investigation into Chinese subsidies.

The dollar and oil rose in Asian trade, but Treasury yields and gold prices remained almost unchanged.

Despite President Biden’s announcement of a new vaccination obligation, US stocks receded on Friday as concerns about the virus continued.

The Dow and S & P 500 both fell about 0.8% to widen their losses in five consecutive sessions, while the tech-heavy Nasdaq Composite fell 0.9%.

European equities fell almost on Friday as traders considered rising inflation concerns and the ECB’s decision to delay bond purchases under a pandemic stimulus program.

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

Contact for comments and feedback: editorial@rttnews.com



European stocks that are likely to open with caution

Source link European stocks that are likely to open with caution

Back to top button