EconomyLens.com
No Result
View All Result
Saturday, July 5, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Markets

US markets higher, Europe lower before US inflation, ECB meeting

Emma Reilly by Emma Reilly
April 9, 2024
in Markets
Reading Time: 6 mins read
A A
2
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

Traders are keeping a close eye on the yen as it appraoches 152 per dollar, fuelling speculation authorities will intervene. ©AFP

US stocks opened higher and European stocks were mostly lower on Tuesday, as markets remained in a holding pattern ahead of this week’s US inflation data, eurozone central bank meeting and corporate results.

Related

Stocks climb as strong US jobs data pushes off rate hike

US stocks back at records as oil prices rally

Stock markets, dollar steady before US jobs data

Asian stocks mixed as traders shrug at US-Vietnam trade deal

UK’s Starmer backs finance minister after tears in parliament

Investors will be poring over US consumer price data to be released Wednesday after the last two inflation reports came in hotter than expected, delaying expectations of interest rate cuts.

Then Thursday, the European Central Bank meets to discuss interest rate policy for the eurozone. “Market participants are hopeful the CPI data will calm the sticky inflation angst and leave the Fed on course to cut rates in June,” said Patrick J. O’Hare, an analyst at Briefing.com. The inflation news has the “ability to swing market sentiment, as does the earnings guidance that will be flowing out of the first quarter earnings reporting period,” he said.

US indexes all opened higher, with the tech-heavy Nasdaq leading the way.

In Europe, Paris and Frankfurt were lower, while London was a touch higher, lifted by energy major BP which rose 1.5 percent after issuing an upbeat quarterly report.

European markets remains more focused on the interest outlook than their US counterpart because they lack the large tech stocks that have underpinned US stock indexes. European “investors continue to price in the prospect of US interest rates staying higher for longer,” said David Morrison, analyst at Trade Nation. “With US consumer prices picking up in January and February, the jobs market still strong and the US economy in rude health, traders have regularly rolled back their forecasts for monetary policy easing this year, and some are even contemplating no cuts before 2025.” At the beginning of this year markets were pricing in six 25 basis point cuts: Now it’s nearer to two or three,” said Trade Nation’s Morrison. “There have been some FOMC members who feel that the recent stalling of the decline in inflation, together with robust economic data releases, means that it’s far too early to consider cutting rates.”

While the ECB is almost certain to keep interest rates unchanged at this meeting, analysts are divided over whether the European bank will wait for its US counterpart to cut first, or if they will be spurred into action by Europe’s sputtering economies.

In Asia, the Tokyo market was boosted by a weaker yen, which helps exports but which is approaching the 152-per-dollar level at which many think could spark an intervention by Japanese authorities.

The end of the week also sees the start of the US earnings season, with JPMorgan, Wells Fargo and Citigroup up first.

Next week will see some European luxury groups report, including LVMH, Richemont, Burburry and EssilorLuxottica.

© 2024 AFP

Tags: inflationinterest ratesstock market
Share8Tweet5Share1Pin2Send
Previous Post

The Rise of the Digital Economy

Next Post

Why the Base L2 Ethereum Chain Isn’t Ready Yet

Emma Reilly

Emma Reilly

Related Posts

Markets

Hong Kong to regain IPO crown this year, say PwC and Deloitte

July 2, 2025
Markets

Global stocks mixed as markets track US trade deal prospects

July 1, 2025
Markets

Asian stocks rise on trade deal hopes, Tokyo hit by Trump warning

July 1, 2025
Markets

US stocks back at records on US-China trade progress

June 29, 2025
Markets

Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment

June 26, 2025
Markets

Stocks rally as Iran-Israel ceasefire holds, oil claws back some losses

June 25, 2025
Next Post

Why the Base L2 Ethereum Chain Isn't Ready Yet

The History of the US Dollar

Stocks slide before US inflation, ECB meeting

EU probes Chinese wind turbine suppliers over subsidies

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Eight OPEC+ alliance members move toward output hike at meeting

July 4, 2025

Bombers and a ‘beautiful bill’ — Trump celebrates US Independence Day

July 4, 2025

BRICS nations to denounce Trump tariffs

July 4, 2025

Trump signs ‘big, beautiful’ bill on US Independence Day

July 4, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.