Investing.com - European stock markets are expected to open in a subdued fashion Friday as investors digest China’s economic performance, heightened geopolitical tensions ahead of the release of more inflation data.Exports fell by 6.2% in U.S. dollar terms last month from a year ago, less than the expected 7.6% drop, while imports also fell by 6.2% compared to a year ago.
This report should offer some encouragement given China’s importance as a market for Europe’s largest companies, but it also illustrates that there is a long road ahead before the Chinese economy returns to vibrant growth.data stoked expectations that the Federal Reserve could yet hike interest rates once more before the end of the year.
There’s inflation data from Spain and France later Friday for investors to study, the day after ECB policymaker Francois Villeroy de Galhau repeated his view that the European Central Bank should keep its key interest rate at its current level - the highest in its 25-year history - for as long as necessary to ensure inflation returns back to its 2% goal.
The Israeli military said it would operate"significantly" in Gaza City in the coming days and civilians would only be able to return when another announcement was made.Oil prices rose Friday after the U.S. imposed on Thursday the first sanctions on owners of tankers carrying Russian oil priced above the G7's price cap of $60 a barrel.
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