Stocks steady with futures before ECB rate liftoff - BNN Bloomberg

European stocks steadied with US equity futures Thursday as investors braced for the European Central Bank’s first interest rate hike in 11 years, while Russia resumed sending gas to Europe through a key pipeline, dispelling investors’ worst fears.

Risk sentiment remains fragile as investors debate whether equities have reached a trough after this year’s selloff amid the war in Ukraine, a slowdown in China and the prospect of a US recession. The resumption of gas exports to Europe through Nord Stream is set to provide some relief for the continent that’s racing to store the fuel before the winter.

Geopolitics are adding to investors’ skittishness. Russian President Vladimir Putin has warned that unless a spat over sanctioned parts of the Nord Stream pipeline is resolved, flows will be tightly curbed, and some European countries are telling residents to conserve gas.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bernstein strategists say stocks have yet to see capitulation - BNN Bloomberg​Stock markets are yet to see full capitulation from investors, raising the risk of more declines in the short term, according to Bernstein strategists.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Snap's warning looms over battered online ad stocks - BNN BloombergInvestors are learning that online advertising stocks may be just as vulnerable as old-school media companies amid a looming potential economic downturn.
Source: BNNBloomberg - 🏆 83. / 50 Read more »