The stock indices Europeans experience a rise this Monday, as investors focus on the outlook for the interest rates In the midst of a hectic week of meetings central banks and economic data.
Investors are awaiting the results of the meetings of the Bank of Japan tomorrow, US Federal Reserve on Wednesday and Bank of England on Thursdays, in addition to Chinese manufacturing data this Tuesday and US employment data on Friday.
Both decisions and data are carefully analyzed for clues to whether central banks have raised rates enough to combat inflation and whether they could consider easing monetary policy.
On the other hand, the earnings presentation season continues, with notable companies such as Apple, Airbnb, McDonald’s, Moderna and Eli Lilly & Co scheduled for this week. So far, the results have been discouraging. contributing to the S&P 500 falling back to correction levels.
Globally, the MSCI World Equity Index is largely unchanged at the moment, up 0.1% on the day, but close to its lowest level since late March.
In the Asian session, MSCI’s index of shares in the Asia-Pacific region excluding Japan rose 0.3%, after hitting a one-year low last week.
In Europe, the STOXX 600 experienced an increase of 0.8%, while the FTSE 100 in London also gained 0.8%.
Wall Street: waiting for the week’s data
US stock futures show gains, indicating that the positive market trend will continue on Wall Street.
By contrast, the Japanese Nikkei falls 0.95% due to speculation about possible changes in rate control policy by the Bank of Japan following its two-day monetary policy meeting.
In the euro zone, public debt yields decline, with the benchmark German 10-year yield giving up 1 basis point to 2.822%. Despite data indicating a drop in inflation in Germany, investors continue to anticipate persistently high rates in the region.
10-year Treasury yields sit at 4.8857%, having risen about 31 basis points this month. Confidence will be tested this week when the US Treasury announces its refinancing plans, which could trigger further increases.
The sharp rise in market borrowing costs has convinced analysts and markets that the Federal Reserve will keep rates steady at its policy meeting this week.
Meanwhilethe dollar index is down about 0.1% to 106.450, and the euro rises 0.2% on the day, reaching $1.05825.
Finally, oil prices fall more than 1% as demand concerns outweigh risks to Middle East supplies.
Source: Ambito
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