European Stocks Steady Ahead of Fed, Oil Triggers Inflation Woes

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

European stocks were steady as investors were wary of making bets ahead of this week’s central bank meetings, while Brent oil’s rally to $95 triggered worries about inflation spiking again.

The Stoxx 600 Index was largely unchanged as of 8:14 a.m. in London, as a rally in autos and real estate stocks were offset by a drop in industrial goods and tech. Among single stocks, Banco Santander SA shares were slightly higher after it overhauled its corporate structure as Chief Executive Officer Hector Grisi seeks to simplify the company’s operations. Societe Generale SA, meanwhile, slipped again as BNP Paribas Exane and HSBC downgraded the bank’s rating.

The recent rally in oil prices plays an important role in the current equity selloff, says Mathieu Racheter, head of equity strategy at Bank Julius Baer. “It increases the pressure on leading central banks right when they are expected to be near the end of the tightening cycle.” “Overall we still view it as a healthy short-term correction. The secular bull market is still alive,” added Racheter.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

European Stocks Decline Ahead of This Week’s Central Bank ActionEuropean shares fell on Monday, following declines on Wall Street last week, as investors gear up for Federal Reserve’s rates decision.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Stocks mixed as Wall Street braces for Fed meeting: Stock market news todayWall Street fixed its focus on an upcoming Federal Reserve meeting where the central bank will issue its next interest rate decision: stock market news today.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market today: Wall Street drifts and oil prices climb ahead of Fed meetingNEW YORK (AP) — Wall Street is drifting in the early going, while oil prices keep climbing and raising pressure on inflation. The S&P 500 was little changed in the first few minutes of trading Monday, coming off its second straight losing week.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Wall Street drifts ahead of Fed's next meeting on interest ratesNEW YORK (AP) — U.S. stocks edged higher as Wall Street makes few big moves in advance of the Federal Reserve’s next meeting on interest rates. The S&P 500 closed virtually unchanged Monday.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »