Morning Bid: Hopeful market awaits Powell testimony

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A look at the day ahead in European and global markets from Ankur Banerjee

Investors have found their appetite for risky assets at the start of a crucial week, shrugging off the disappointment of China setting aComing off its best weekly performance since start of the year, the continent-wide STOXX might aim for another record high as traders await January retail sales data for the Eurozone later in the day.

Meanwhile, the market's focus is firmly on Fed Chair Powell's two-day testimony before the U.S. congress and the February jobs report that will likely dictate the path of the U.S. central bank for the near future. While investors have come to accept that the Fed will likely keep interest rates higher for longer, there are fresh fears that strong economic data will lead the central bank to go back to jumbo hikes.

 

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Testimony, or confession

HOPEFULL...LMAO

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