After posting their best single-day performance in over a year, European stock markets are expected to start Wednesday’s trading session down.
According to LSEG data, the Stoxx 600 index increased 1.96%, marking its best session since November 10, 2022.
Two Federal Reserve officials’ comments on Monday that the recent increase in Treasury rates may lessen the need to raise the Federal Funds rate and diminish peak rate expectations helped to encourage bullish global trading.
Raphael Bostic, president of the Atlanta Federal Reserve Bank, stated on Tuesday that rates did not need to go further.
The horrific latest developments in the conflict between Israel and Hamas are still being watched by the entire globe.
Earlier in the week, investors sought safe assets like gold, the dollar, and Treasuries, while stock markets have since ignored the tumultuous scenario after an initial tremble.
The U.S. producer price index report will be released on Wednesday, and according to Dow Jones, economists anticipate a reading of 0.3%. On Thursday, the consumer price index is released.
In the meantime, the $46 per share initial public offering of German shoemaker Birkenstock is getting ready to go public on the New York Stock Exchange.
Early on Wednesday, U.S. futures were largely flat while Asia-Pacific markets rose.
