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European Stocks Seen Opening Mixed Amid Economic Uncertainty

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European Stocks,Economic Uncertainty,Growth Outlook

European stocks are anticipated to open with mixed results on Tuesday, influenced by lingering economic uncertainty and concerns regarding Europe's growth prospects. This follows a decline in UniCredit shares after German Chancellor Olaf Scholz criticized the bank's recent actions.

LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe's growth outlook return to the fore.24/7 New York news stream: Watch NBC 4 free wherever you areTuesday after the stock fell around 5.7% Monday after German Chancellor Olaf Scholz criticized what he described as UniCredit's"hostile" and"unfriendly" move on the bank, Reuters reported.

9%, signaling a takeover bid might be on the cards.Asia-Pacific marketsfor banks by 50 basis points, although it did not provide a specific timeline. It also announced it would cut the seven-day reverse repurchase rate from 1.7% to 1.5%,The gains were modest but appeared to be a continuation of last week's rally after the U.S. Federal Reserve cut interest rates by half a percentage point. The fed funds rate now sits at a range of 4.75% to 5.

 

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