European stocks head for higher open as markets await Fed's latest rate decision

China's factory activity in January signaled a further contraction from previous readings, albeit at a slower pace, marking the sixth monthly contraction in a row.

The Caixin manufacturing Purchasing Managers' Index for January came in at 49.2 on Wednesday, a slightly higher reading than December's 49.0 but still missing Reuters' expectations of 49.5 "Both manufacturing supply and demand continued to shrink last month. Fallout from the pandemic was a drag on production and sales," Caixin reported in

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The Fed and the stock market are on a collision course this week. What's at stake.Fed policy makers have steadily insisted that the fed-funds rate must rise above 5% and stay there as the central bank attempts to bring inflation back to 2%. But money-market traders aren’t fully convinced the rate will top 5%, fed-funds futures show.
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