Tuesday, January 25, 2022

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    European Equity, Investors Waiting for Comments from Fed Powell

    London — European stocks are expected to open higher on Tuesday as investors look forward to the next US inflation reading on Wednesday.

    Britain FTSE The index can be seen to be 31 points higher at 7,464 in Germany DAX France’s 15,886 is 78 points higher CAC 40 Italy’s, up 44 points at 7,174 FTSE MIB According to IG data, 27,300 is 114 points higher.

    The global market is focusing on the latest US inflation data released this week this week. The latest US Consumer Price Index will be released on Wednesday and the Producer Price Index will be released on Thursday.

    Consumer prices in Europe and the United States have skyrocketed in recent months. last Friday, Eurozone inflation hit record highs in December It arrived at 5% compared to the same month of the previous year.

    The Asia Pacific market was mixed Investors are totally concerned on Tuesday as investors continue to be concerned about inflation and the possibility of policy tightening from central banks such as the Federal Reserve Board.

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    Investors around the world are also looking for clues from Fed officials about when to raise rates. A confirmation hearing will be held on Tuesday by Chairman Jerome Powell of the Federal Reserve Board. Kansas City Fed President Esther George, like St. Louis Fed President James Bullard, will talk about economic policy.

    US futures were flat overnight With the exception of Nasdaq, which recorded four consecutive days of losses after the key average fell sharply on Monday.

    The data release includes the latest measurements of UK GDP for the three months to November, UK industrial and manufacturing output in November, and Greek unemployment data for the same month.

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    — CNBC’s Tanaya Macchel contributed to this market report.

    European Equity, Investors Waiting for Comments from Fed Powell

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    The post European Equity, Investors Waiting for Comments from Fed Powell appeared first on Eminetra.

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