European stocks outperform as Italy soothes bank tax nerves

📆 09/08/2023 09:40 a. m.
📰 ReutersAfrica

⏱ Reading Time:
37 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 53%

México Noticias Noticias

México Últimas Noticias,México Titulares

Global stocks rose on Wednesday, with European equities outperforming as Italy soothed market nerves about a windfall tax on bank profits and Wall Street stock futures pointing to a minor gains ahead of Thursday's U.S. inflation data.

a charge of as much as 0.5%, although questions about a global trend of bank windfall taxes remained.

In the U.S., stock markets were on track to rise as optimism that a peak in inflation could steer the Federal Reserve towards cutting interest rates outweighed jitters about the health of the domestic banking sector. Data out of China on Wednesday showed producer prices in the world's major manufacturing hub fell for a 10th consecutive month in July. China's consumer price index also tipped intofigures out of China a day earlier.

Strategists at BCA warned that even though U.S. businesses saw inflation easing, a tight labour market showed that "inflationary risks have not yet been extinguished," meaning the Federal Reserve would remain "reluctant to meaningfully cut interest rates."

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

The global videogame industry is on a tear - TechCentralThe global videogames market will return to growth in 2023 on the back of strong sales of consoles, according to new research.
Fuente: TechCentral - 🏆 8. / 71 Leer más »