Premarket: World stocks waver as investors catch central bank jitters

📆 31/01/2023 8:44 a. m.
📰 globeandmail

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Hotter-than-expected European inflation reports weigh on investor sentiment ahead of rate decisions later in the week from the Federal Reserve and the European Central Bank

numbers jangled investor nerves ahead of a slew of earnings reports, central bank meetings, and key U.S. economic data.by 25 basis points on Wednesday. Interest rate announcements are also due on Thursday from the Bank of England and the European Central Bank - and both are expected to hike rates by 50 bps.

“Reality is setting in,” said Bruno Schneller, a managing director at INVICO Asset Management in Zurich. “In the shorter term, there doesn’t appear to be an obvious safe haven for investors,” said Schneller. Data on Tuesday showed China’s manufacturing activity swung back to growth in January but the country’s blue-chip CSI 300 index still lost 1.1%.

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