European stock futures edge higher; U.K. GDP grows ahead of U.S. CPI release
Investing.com - European stock markets are expected to open higher Thursday after more dovish comments from Federal Reserve officials, as investors await the release of U.S. consumer inflation for monetary policy clues.Confidence has been building as investors have started to get comfortable with the idea that the U.S. Federal Reserve is nearing the end of its interest rate increases.
However, comments in the weeks following September’s meeting suggest members are more wary about a further tightening of monetary policy following a sharp rise in Treasury yields.figures came in much stronger than expected, creating a degree of tension ahead of the consumer price reading later in the session.rose 0.2% on the month in August, a substantial improvement from the surprise revised drop of 0.
Gasoline inventories also rose by 3.6 million barrels, compared with the 800,000-barrel drop expected, fueling concerns that the end of the driving session in the U.S. has resulted in a sharp dropoff in demand. The market is gradually handing back Monday’s 4% rally on the back of the worst outbreak in decades of fighting between Israel and Palestine militant group Hamas as the conflict seems largely contained between these two bodies.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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