“European Stock Markets” Open Volatility As Investors Eye Fed-BOE Meeting Results This week, several companies posted earnings, including Microsoft, Apple, Meta, Amazon and Alphabet.
On January 29, 2024, CNBC news agency reported that European stock markets open mixed Investors follow the performance of companies. Economic data and Federal Reserve (US) and Bank of England (BOE) meetings.
The Stoxx 600 index was flat, oil and gas stocks rose 1.4%, while crude oil prices rose on geopolitical tensions. While retail stocks fell 0.7%, the Stoxx 600 index rose 3.1% last week. It closed at its highest level since January 2022 as markets rose on expectations that the European Central Bank will begin cutting interest rates in April 2024 amid positive corporate Q4 results, according to LSEG data.
On January 25, 2024 European Central Bank (ECB) With interest rates maintained, he said it was too early to talk about rate cuts. But the group of investors indicated that they were less concerned about inflationary pressures in the country. And prices are moving towards bullish targets.
The US Federal Reserve will announce its own monetary policy on Wednesday (Jan 31, 2024), investors think. There is no chance of lowering the interest rate. But opinion remains sharply divided on the outlook for March 2024, after which the Bank of England will reveal the results of its meeting on Thursday (1 February 2024).
This week, several companies posted earnings, including Microsoft, Apple, Meta, Amazon and Alphabet. Information on factory operations in China will be provided. US Monthly Employment and Eurozone Initial Growth in 4th Quarter.
See: https://www.cnbc.com/2024/01/29/europe-markets-open-to-close-stoxx-ftse-dax-.html
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