News Formal

European stocks drop on oil, Fed rate-cut concerns: Markets wrap

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

Italia Notizia Notizia

Bitcoin fell 1.7% to $66 775.7.

European stocks slumped the most in almost two months, tracking a broad market retreat, as oil prices held near five-month highs and investors braced for a key reading on the US labour market.

“Clearly, geopolitical risks are rising and that is on everyone’s radar right now, hence some softness in equity markets and credit spreads,” said Luke Hickmore, a portfolio manager at Abrdn Investment Management. He added that he was also focused on the upcoming US employment report for March. US nonfarm payrolls data due later Friday are expected to show more than 200,000 new roles added to the economy last month. A further sign of robust activity may lead the Fed to keep interest rates higher for longer. Currently, money markets are expecting fewer than three US rate cuts this year.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 5. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stocks churn before Fed with Powell as ‘wild card’: Markets wrapSpot gold fell 0.2% to $2 154.21 an ounce.
Fonte: Moneyweb - 🏆 5. / 77 Leggi di più »