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    European markets start this week as investors wait for key US data

    London — European equities are expected to open in the positive territory on Monday as global markets this week are focusing on key U.S. inflation data and comments from Federal Reserve Chairman Jerome Powell on rate hikes. Will be.

    Britain FTSE The index can be seen to open 16 points higher at 7,490 in Germany DAX France’s 15,946, 12 points higher CAC 40 Italy’s, up 16 points at 7,223 FTSE MIB According to IG data, it is 26 points higher at 27,463.

    The global market is having a busy week with the latest US inflation data, a key data point of the week. The US Consumer Price Index will be released on Wednesday and the Producer Price Index will be released on Thursday.

    Consumer prices have skyrocketed in Europe and the United States in recent months. Last Friday, eurozone inflation hit a record high in December, at 5% compared to the same month last year.

    In addition, investors are looking for more comments on the timing of future interest rate hikes from Powell, as the Federal Reserve chair will testify at his nomination hearing in front of the Senate panel. increase.

    The Federal Reserve has suggested that it may regain monetary easing policy more aggressively than expected. Minutes of the Fed’s December meeting, released last Wednesday, showed that the central bank plans to shrink its balance sheet in addition to raising rates.

    The market will be on the lookout for security negotiations between US and Russian diplomats aiming to ease tensions over Ukraine in Geneva on Monday.

    At the European datafront on Monday, the Eurozone released the latest unemployment rate in November, the Netherlands released manufacturing output data for November, and Italy released industrial sales for the same month.

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    European markets start this week as investors wait for key US data

    Source link European markets start this week as investors wait for key US data

    The post European markets start this week as investors wait for key US data appeared first on Eminetra.

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