LONDON – European equities are expected to open mixed on Thursday as markets digest the latest US Federal Reserve signals on rate hikes.
The FTSE index of the United Kingdom opens 4 points below with 7,526, the DAX of Germany rises 7 points with 14,040, the French CAC 40 rises 2 points with 6,310 and the FTSE MIB of Italy 39 points more to 24,234, according to data of IG.
The cautious opening expected for European stocks comes after a higher close on Wednesday as world markets tried to recover from a widespread pullback in the previous session.
In the U.S., equities rose on Wednesday after minutes of the May Federal Reserve’s policy meeting showed the central bank was willing to raise rates more than the market had predicted.
The minutes of the Fed meeting on May 3-4 showed that officials saw the need to raise rates quickly, and possibly more than the market has set, to stifle recent inflationary pressures.
Shares in Asia and the Pacific struggled for trading on Thursday morning as investors reacted to Fed minutes. U.S. equities futures were also mixed on Wednesday evening as investors digested a disappointing upgrade from Nvidia, an economic benchmark in the tech industry.
This is the last day of the World Economic Forum on Thursday, which will mark the end of an event in which world political and business leaders come together to discuss the world’s most pressing issues, led by the Ukrainian war. the agenda.
On Thursday, CNBC will interview the Prime Minister of Bulgaria, the Vice President of Palantir, the CEOs of CEPI and Signify and others.
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