European markets are expected to open higher on Friday morning as investors await U.K. economic data and reflect on a somewhat murky U.S. inflation outlook. The producer price index came in lower than expected in March, providing potential relief for investors hoping for the start of Fed policy easing.
European markets are set to open higher on Friday morning as investors await U.K. economic data and reflect on a somewhat murky U.S. inflation outlook.The market moves come after the pan-European Stoxx 600 index closed lower in the previous session.The producer price index, which tracks prices on a wholesale level, came in lower than expected in March, according to aThursday from the Labor Department's Bureau of Labor Statistics. The PPI reading rose 0.2% for the month, less than the 0.
Goldman Sachs has refreshed its"conviction list" of top picks in Asia Pacific for April by adding some stocks and removing others."Five factors are likely to influence Asian market performance in 2Q: the start of a rate cutting cycle, led by the Fed; elections and geopolitics; 1Q earnings results; market-specific policy; and seasonality," the investment bank's analysts said, as they unveiled their latest additions to the list.
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