fbpx

European markets set to drop as investors watch inflation, central banks

Soegeefx AppsEU MarketEuropean markets set to drop as investors watch inflation, central banks

Key Points

  • Investors will keep an eye on developments in Ukraine.
  • Russia’s invasion of the country has caused volatility in oil and other commodities markets, which has, in turn, disturbed stocks.
  • Overnight, U.K. Foreign Secretary Liz Truss said her government was working “urgently” to verify details of an alleged chemical weapons attack in the besieged Ukrainian city of Mariupol.

LONDON — European markets are set to drop Tuesday as traders look ahead to key central bank meetings and U.S. inflation prints.

The U.K.’s FTSE 100 is set to fall 53 points to 7,561, the French CAC looks set to drop 70 points to 6,474 and the German DAX is expected to lose 180 points to 13,994, according to IG.

TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME
.FTSE FTSE 100 *FTSE 7618.31 -51.25 -0.67 835766986
.GDAXI DAX *DAX 14192.78 0 0 0
.FCHI CAC 40 Index CAC 6555.81 0 0 0

Global investors will be watching the U.S. consumer price index reading for March on Tuesday and producer price index on Wednesday for indications as to how drastically the Federal Reserve will have to act in order to rein in inflation. Earnings season also kicks off stateside this week, with banking giants JPMorgan, Goldman Sachs, Wells Fargo, Citi and Morgan Stanley all due to report.

In Europe, investors will also keep an eye on developments in Ukraine. Russia’s invasion of the country has caused volatility in oil and other commodities markets, which has, in turn, disturbed stocks. Overnight, U.K. Foreign Secretary Liz Truss said her government was working “urgently” to verify details of an alleged chemical weapons attack in the besieged Ukrainian city of Mariupol.

European Central Bank policymakers will meet in Frankfurt on Thursday to discuss their next monetary policy move, faced with the tough task of weighing surging consumer prices against downward pressure on economic growth from the war in Ukraine.

Stock picks and investing trends from CNBC Pro:

Morgan Stanley says stay disciplined amid volatility, and names ‘cheap’ global stocks to buy

Top strategist says to own stocks in these sectors to beat any recession

Charlie Munger-linked Daily Journal cuts Alibaba stake in half

JPMorgan’s trading guru Kolanovic says take profits now on U.S. stocks, add to emerging markets

On the data front, U.K. employment data is due out at 7:00 London time, while a German ZEW Economic Sentiment index is due out at 10 a.m. London time.

Source : CNBC

You might also like

Leave a Reply




Enter Captcha Here :