European stocks retreat after hawkish Fed; more inflation data in focus

Investing.com - European stock markets fell Thursday as a hawkish Federal Reserve raised concerns about the additional easing of monetary policy going forward.unchanged on Wednesday, as widely expected, but in a hawkish surprise the central bank officials now believe that fewer rate cuts are needed this year, as inflation is expected to trend higher than previously expected.

Additionally, four FOMC committee members called for no cuts this year, a much more hawkish stance than had been expected.cut interest rates last Thursday for the first time since 2019, but held back from any promise to follow up its move, creating a degree of uncertainty over what follows.

Outsized builds in distillates and gasoline stockpiles also drove up concerns that fuel demand was not picking up with the summer season as expected.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
Source: NBCNewYork - 🏆 270. / 63 Read more »

European stocks open marginally higher after European Central Bank cutEuropean stocks opened slightly higher on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks lose steam after European Central Bank cutEuropean stocks moved lower on Friday, after closing at a record high during the previous session.
Source: NBCNewYork - 🏆 270. / 63 Read more »

European stocks slump after European vote, shock French electionEuropean stocks slump after European vote, shock French election
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks head for lower open as markets react to Fed, U.S. inflation dataEuropean stocks are expected to open in negative territory Thursday as regional investors react to the U.S. Federal Reserve’s decision and U.S. inflation…
Source: nbcsandiego - 🏆 524. / 51 Read more »