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Stocks, U.S. futures dip ahead of rate decisions - BNN Bloomberg

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Stocks in Europe slipped along with U.S. equity futures as investors digested a flurry of mixed corporate earnings and economic data while positioning for rate increases from the Federal Reserve and European Central Bank later this week.

The Stoxx Europe 600 index extended a decline after data suggested the euro area will avoid a recession after unexpectedly expanding at the end of 2022, prompting traders to ramp up bets on monetary tightening by the ECB.

In the euro area, gross domestic product edged up by 0.1 per cent in the final quarter, Eurostat said Tuesday, defying economist estimates for a contraction of 0.1 per cent. While German and Italian output shrank, France and Spain recorded expansion. There was also stronger-than-anticipated data on Monday from Ireland.

Samsung Electronics Co. fell more than 3.5 per cent in Seoul, weighing on South Korea's Kospi gauge, after profit slumped on poor demand for semiconductors and weakness in smartphones and memory chips. In Hong Kong, Alibaba Group Holding Ltd.'s decline this week reached around 10 per cent amid concern that China's consumer recovery may fail to meet lofty expectations.

 

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U.S. stocks fall with eyes on rate hikes; bonds decline - BNN BloombergShares in Europe declined on Monday along with U.S. equity futures as a note of caution crept in at the start of a week marked by interest-rate decisions and big-name company earnings on both sides of the Atlantic.
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