Authorization

European Shares Set To Open On Cautious Note

(RTTNews) - European stocks are seen opening on a cautious note Wednesday as a batch of upbeat U.S. economic data raised concerns that the Federal Reserve may tighten policy rates faster than expected.

Asian markets were broadly lower, while bond yields edged higher and the dollar index rose to a 16-month high amid worries that uncomfortably high rates of inflation may be around for one to three years.

Emerging-market Asian currencies declined and the Turkish lira extended a drop before a central bank meeting.

St. Louis Fed president James Bullard said on Tuesday that the Fed should "tack in a more hawkish direction" in preparation for longer-term high inflation.

Amid heightened concerns over inflation, markets are waiting to see whether President Joe Biden decides to nominate Fed Chair Jerome Powell for a new term.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2022    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930
31