Europe Set to Open Flat to Higher with Eyes on ECB
16 Articles
16 Articles
Reformatorisch Dagblad
The AEX index on the Damrak started Thursday with a small loss. Investors remained cautious following the heavy price losses the previous day. These followed a sharp rise in oil and gas prices due to the escalation of violence in the Middle East. Consequently, fears that higher energy prices will further fuel inflation increased.
On the day of the ECB's interest rate decision, investors are looking primarily to Berlin today. Meanwhile, the tense situation in the Middle East is driving the oil price up further.
As military tensions in the Middle East and inflationary pressures created by oil prices exceeding $100 per barrel pulled global markets into negative territory, investors' focus is now on the interest rate decisions of the Turkish Central Bank (TCMB) and the European Central Bank (ECB), which will be announced today, as well as critical inflation data from the US.
After yesterday's price losses, the DAX is unlikely to start trading in a changed way. Investors are eagerly awaiting the ECB's interest rate decision. They hope in particular for further monetary policy.
The European equities rose during Thursday's dealings, after having seen the largest wave of sale in two months, as investors await the decision to raise interest rates by the European Central Bank. The reading indicator * The amount of change (point) is the percentage change (%) of the rate of change (US$ 600) . Stokes Europ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…
The main European squares start almost flat while investors expect a decision from the ECB that can again tighten financial conditions, with German inflation still at 2.9% and uneven signals from industry.
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