European stocks get off to a cautious start

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European equities are likely to fall on Tuesday as investors weigh the economic recovery and monetary policy outlook against the threat posed by new ones. coronavirus US wave.

Today, the Bank of Japan has raised its inflation forecast, primarily reflecting rising commodity prices amid pandemic uncertainty.

The central bank said risk to economic activity would turn down for the time being, primarily due to the impact of Covid-19, emphasizing its determination to maintain ultra-loose monetary policy.

Central banks in Indonesia, Malaysia, Norway, Turkey and Ukraine will make policy decisions later this week.

Asian market Pressured by rising US Treasury yields, he slipped into a cautious deal.

The US two-year yield has surpassed 1% for the first time since February 2020, and 10- and 30-year yields have skyrocketed as cash trading resumed after Monday’s vacation.

Gold eased with a stronger dollar while Brent reached its highest level since 2014 amid heightened geopolitical tensions in the Middle East.

It’s been a busy day on the Eurozone economic calendar and could focus on the ZEW economic sentiment figures for Germany and the Eurozone.

Beyond the Atlantic Ocean, the New York Empire State Manufacturing number will be announced later in the session.

Continue to focus on revenue with weekly announcements of Goldman Sachs Group, Inc., Morgan Stanley, Bank of America Corporation, UnitedHealth Group, Incorporated, and Netflix, Inc. ..

In compliance with Martin Luther King Jr. Day’s holiday, the US market closed on Monday.

European stocks closed Monday’s session steadily, with deal negotiations and the Bank of China’s decision to cut interest rates underpin sentiment.

The Pan-European STOXX 600 rose 0.7%. Germany’s DAX rose 0.3%, France’s CAC 40 index rose 0.8%, and the UK’s FTSE 100 rose 0.9%.

Contact for comments and feedback: editorial@rttnews.com

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European stocks get off to a cautious start

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The post European stocks get off to a cautious start appeared first on Eminetra.

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