European markets were set to open lower Friday, retreating from gains in the previous session, as investors pondered the future path for rate cuts.
European markets were set to open lower Friday, as investors looked ahead to fresh data and assessed the future path for interest rate cuts followingThe pan-European Stoxx 600 closed 1% higher in the previous session, as traders evaluated another busy earnings day, with British luxury house Burberry jumping 22% on strategic overhaul plans.On Friday, investors are looking ahead to fresh U.K.
Across the Atlantic, speaking Thursday, Powell said that strong U.S. economic growth is allowing policymakers to take their time in deciding how far and how fast to lower interest rates.CNBC Pro: Citi says this Korean stock is a 'unique direct' beneficiary of Nvidia's new AI chip, giving it 40% upside's next generation of AI chips and expects its stock to rise by more than 40% in the next 12 months.As investors mull over how to play the market following the U.S.
"The postelection rally was frenetic and may have been too much too soon. But, it did show that investors have confidence that the business community and earnings will be strong under a Trump administration," the chairman at the U.S.-headquartered wealth management firm said. However, he warned that there was"schizophrenia" in the bond market, which could"fuel indecision and some correction" in the stock markets. Stocks are often rattled when Treasury yields surge, particularly growth stocks as higher yields can hurt their expected future earnings.S&P 500 futures slip as index heads for losing week
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