European stocks set to open lower ahead of U.S. earnings releases

📆 13/10/2023 2:48 PM
📰 NBCLA

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

European stock markets are heading for a lower open Friday after three straight gains.

European stock markets are set to open lower Friday as sentiment falters on fresh U.S. inflation data.Global gains were powered by dovish comments from U.S. Federal Reserve officials, including Bank of Atlanta President Raphael Bostic, triggering a repricing of bets on another hike this year.The consumer price index was flat on an annual basis in September, data from the National Bureau of Statistics showed. It was below the median estimate for a 0.2% increase in a Reuters poll.

Stronger economic growth, accelerating government spending and a bottoming out of inflation are just some reasons why many analysts are bullish on India — and asset management firm AllianceBernstein is no exception. "Our sense is that the FOMC will need to see core inflation break below 4% and believe it will continue to trend downward to pause and remain on hold for a prolonged period," Senyek wrote to clients.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks mixed; Chinese trade, European inflation data in focusEuropean stocks mixed; Chinese trade, European inflation data in focus
Source: Investingcom - 🏆 450. / 53 Read more »

Luxury stocks drag European shares lower on LVMH disappointmentEuropean stocks slipped on Wednesday after sharp gains in the previous session, as luxury giant LVMH dragged the sector lower on disappointing sales, though Novo Nordisk jumped after positive update on its diabetes drug Ozempic.
Source: Reuters - 🏆 2. / 97 Read more »

Stock futures are little changed ahead of Friday's big bank earnings: Live updatesThe major averages fell on Thursday, but all three are on pace for weekly gains.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set to continue positive momentum; UK GDP meets expectationsEuropean stock markets are set to open higher Thursday as positive global momentum continues.
Source: NBCLA - 🏆 319. / 59 Read more »