European stocks set to open lower ahead of U.S. earnings releases

📆 13.10.2023 08:48:00
📰 NBCLA

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European stock markets are heading for a lower open Friday after three straight gains.

European stock markets are set to open lower Friday as sentiment falters on fresh U.S. inflation data.Global gains were powered by dovish comments from U.S. Federal Reserve officials, including Bank of Atlanta President Raphael Bostic, triggering a repricing of bets on another hike this year.The consumer price index was flat on an annual basis in September, data from the National Bureau of Statistics showed. It was below the median estimate for a 0.2% increase in a Reuters poll.

Stronger economic growth, accelerating government spending and a bottoming out of inflation are just some reasons why many analysts are bullish on India — and asset management firm AllianceBernstein is no exception. "Our sense is that the FOMC will need to see core inflation break below 4% and believe it will continue to trend downward to pause and remain on hold for a prolonged period," Senyek wrote to clients.

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