European Stocks Set for Rocky Start Amid Escalating Tensions in the Middle East

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 65 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 63%

Finance News

European Stocks,Rocky Start,Escalating Tensions

European stocks are expected to experience a sharp decline as tensions in the Middle East escalate. Israeli Prime Minister Benjamin Netanyahu's comments about potential retaliation have raised fears of a wider war. This has also impacted Wall Street and Asian shares, causing oil prices to rise. The EURO STOXX 50 index futures have already fallen by over 1.5%, indicating a significant move for Asian time.

European stocks are in for a rocky start on Friday with futures pointing to the sharpest daily percentage fall in months, rattled by escalating tensions in the Middle East.

Minneapolis Fed President Neel Kashkari, a known hawk, went as far as to say that rate cuts may not even be needed at all this year if the progress on inflation continues to stall.All this comes ahead of a key U.S. jobs report due later on Friday that could make or break the case for a first Fed rate cut in June, which seems to have turned into a cat-and-mouse game.

NEW YORK — Days after former President Donald Trump posted a $175 million bond to block New York state from imminently collecting on a huge civil fraud judgment, state lawyers Thursday called for more information on the bond’s bona fides. State Attorney General Letitia James' office filed papers giving Trump's lawyers or the bond underwriter 10 days to “justify” the bond — essentially, to show that the company can make good on it.

NEW YORK — An upstate New York man allegedly threatened state Attorney General Letitia James and Manhattan Judge Arthur Engoron with “death and physical harm” if they didn’t drop the civil fraud case against Donald Trump. Tyler Vogel, 26, of Lancaster, faces felony charges for allegedly making terroristic threats against James and Engoron in a series of late-night texts on March 24, according ...California Democratic Reps. Zoe Lofgren, Adam B.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines