European Shares Set For Lackluster Open; US CPI Data Eyed
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European Shares Set For Lackluster Open; US CPI Data Eyed
European stocks may struggle for direction at open on Friday as rising energy prices and Treasury yields added to concerns about the outlook for interest rates. As inflation risks increase due to the conflict in the Middle East, traders are bracing for interest rate hikes well into next year.
Global markets operate with mixed performance on Friday (11), in a session marked by caution before the disclosure of the August consumer price index (CPI) in the United States. At the same time, the escalation of the conflict in the Middle East again pressure the prospects for oil, after the advance of the houthis, group [...] The post Morning Call: Global market has mixed performance waiting for the US ICC appeared first in Market Monitor.
Economy - Global markets are trending negatively due to tensions in the Middle East and better-than-expected US PPI data. The direction of the markets will be determined by the US CPI data, which will be released today at 3:30 PM.
Global markets are trending negatively as US producer inflation exceeded expectations and tensions in the Middle East pushed energy prices higher, while attention is now focused on today's US Consumer Price Index (CPI) data. The signals from this critical data are expected to be decisive in determining the direction of expectations regarding the Fed's interest rate policy.
Global markets followed a negative trend yesterday due to better-than-expected producer inflation data released in the US and escalating tensions in the Middle East, while today all eyes are on the Consumer Price Index (CPI) to be released in the US.
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