Morningstar on Nostr: European Midday Briefing: Focus Remains on Interest Rates, Inflation ========== ...
European Midday Briefing: Focus Remains on Interest Rates, Inflation
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European stocks mostly drifted lower as traders assess the outlook for interest rates and inflation. Danske Bank Research expects three interest-rate cuts from the European Central Bank this year, but recent data suggests a growing possibility of fewer cuts. Entain shares have fallen 20% year-to-date, and the absence of a permanent CEO creates a muted sentiment. Stock futures edged lower, while Treasury yields were roughly flat. The dollar rose and could stay high for now, but the prospects of forthcoming Fed rate cuts should cause the currency to fall in the second quarter. UBS Global Wealth Management said major currencies could continue to stick within recent ranges as central banks look set to cut interest rates. Citi Research expects sterling to weaken against the dollar due to the prospect that the Bank of England could cut interest rates earlier than previously expected. Oil futures were higher on signs of tightness in the market and growing geopolitical concerns. Base metals and gold rose. Kingfisher backed medium-term guidance for its French business as it outlined plans to simplify its organization in the country. MTN Group backed its medium-term targets despite warning of increased headwinds after a sharp drop in earnings. The stock market is calmer than it has been in years. Donald Trump has been trying to avoid paying a $454 million civil judgment against him for fraud in New York. Israeli forces are fighting in a growing number of places in the Gaza Strip. Russian President Vladimir Putin dismissed American warnings of an imminent terrorist attack. A recent security sweep inside a sprawling fenced refugee camp holding 44,000 people turned up a raft of weapons, dozens of Islamic State militants, and a Yazidi woman who had been held by the group for nearly 10 years.
#InterestRates #Inflation #Stocks #Currencies #Oil #BaseMetals #Gold #Kingfisher #MtnGroup #DonaldTrump #GazaStrip #VladimirPutin #IslamicState
https://www.morningstar.com/news/dow-jones/202403252098/european-midday-briefing-focus-remains-on-interest-rates-inflation
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European stocks mostly drifted lower as traders assess the outlook for interest rates and inflation. Danske Bank Research expects three interest-rate cuts from the European Central Bank this year, but recent data suggests a growing possibility of fewer cuts. Entain shares have fallen 20% year-to-date, and the absence of a permanent CEO creates a muted sentiment. Stock futures edged lower, while Treasury yields were roughly flat. The dollar rose and could stay high for now, but the prospects of forthcoming Fed rate cuts should cause the currency to fall in the second quarter. UBS Global Wealth Management said major currencies could continue to stick within recent ranges as central banks look set to cut interest rates. Citi Research expects sterling to weaken against the dollar due to the prospect that the Bank of England could cut interest rates earlier than previously expected. Oil futures were higher on signs of tightness in the market and growing geopolitical concerns. Base metals and gold rose. Kingfisher backed medium-term guidance for its French business as it outlined plans to simplify its organization in the country. MTN Group backed its medium-term targets despite warning of increased headwinds after a sharp drop in earnings. The stock market is calmer than it has been in years. Donald Trump has been trying to avoid paying a $454 million civil judgment against him for fraud in New York. Israeli forces are fighting in a growing number of places in the Gaza Strip. Russian President Vladimir Putin dismissed American warnings of an imminent terrorist attack. A recent security sweep inside a sprawling fenced refugee camp holding 44,000 people turned up a raft of weapons, dozens of Islamic State militants, and a Yazidi woman who had been held by the group for nearly 10 years.
#InterestRates #Inflation #Stocks #Currencies #Oil #BaseMetals #Gold #Kingfisher #MtnGroup #DonaldTrump #GazaStrip #VladimirPutin #IslamicState
https://www.morningstar.com/news/dow-jones/202403252098/european-midday-briefing-focus-remains-on-interest-rates-inflation