European stocks fell at the time of opening

Date:

European stocks on Friday are expected to fall as new concerns over the tightening of the Federal Reserve and US-Russian tensions on Ukraine could put pressure on sentiment.

Disappointing revenue reports from Netflix can also help keep the underlying emotions cautious.

Asian market Selling late Thursday afternoon fell after pushing the major US indexes deeper into the loss of territory that year.

The dollar has taken a breather as the Treasury’s yields have stagnated against the backdrop of high inflation and concerns over slowing growth.

Geopolitical tensions remained on investor radar after Washington reported that some Baltic states allowed US-made weapons to be sent to Ukraine.

In Asian trade, oil prices fell by about 2%, and after a sharp rise in US crude oil reserves, it retreated from its highest in seven years.

Gold stabilized and headed for a second week rise as investors worriedly waited for the Fed’s meeting next week for updates on existing plans to raise rates. Bitcoin has fallen below the $ 39,000 level.

ECB Governor Christine Lagarde will speak later that day, and comments on economic outlook, inflation, or monetary policy could impact trade.

In Thursday’s third consecutive session, US stocks gave up their early rise and fell three times in a row amid concerns about rising bond yields and monetary tightening.

The Dow fell 0.9%, the tech-heavy Nasdaq Composite index fell 1.3%, and the S & P 500 fell 1.1%.

European stocks rose sharply on Thursday as minutes from the ECB meeting in December confirmed doves that some members had advertised for the past few days.

The Pan-European STOXX 600 rose 0.5%. Germany’s DAX rose 0.7%, France’s CAC 40 index rose 0.3%, but the UK’s FTSE 100 fell slightly.

Contact for comments and feedback: editorial@rttnews.com

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European stocks fell at the time of opening

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The post European stocks fell at the time of opening appeared first on Eminetra.

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