Just as investors were starting to put aside worries of rate increases from the Federal Reserve, the narrative is again shifting to tighter U.S. monetary policy.
In Europe also, policy makers are reminding markets that as long as broad-based inflation is not tamed, rate increases are still on the agenda.in a speech in Tokyo the European Central Bank will probably keep raising interest rates beyond 2%, but "jumbo" rate hikes will not become a new habit. The comments came a day after Swiss National Bank Chairman Thomas Jordan issued another rate increase, saying it was likely the central bank will need to act again as inflation is set to remain elevated.
Tuesday's data calendar has jobs figures due from the United Kingdom along with euro zone third-quarter GDP numbers and Germany's ZEW sentiment index.as data showed factory output grew more slowly than expected and retail sales unexpectedly dropped in October, suggesting the world's second-largest economy is losing momentum.
Still, investors seemed to pay more attention to the easing of tensions in U.S.-China relations after the heads of the world's top two economiesAsian stock markets advanced, with Chinese and Hong Kong shares - big underperformers so far this year - logging strong gains.Meanwhile, Donald Trump is expected to announce another White House bid on Tuesday even as Florida Governor Ron DeSantis is cementingKey developments that could influence markets on Tuesday:U.S.
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