Reported 5 months ago
Market sentiment was dampened on Friday as fears of prolonged higher interest rates overshadowed positive news from Nvidia, leading to a risk-averse environment. European markets are expected to open weak, with the STOXX 600 index facing a significant weekly decline. The focus is on economic data releases in Europe, including Germany's Q1 GDP and UK April retail sales, while the Bank of England grapples with inflation concerns. Expectations of rate cuts from both the Bank of England and the European Central Bank are influencing market dynamics, with the ECB committing to policy easing in June. The Federal Reserve is anticipated to implement a rate cut only in December, contrasting with previous expectations for significant easing earlier in the year. Corporate news will center on Hargreaves Lansdown following reports of potential privatization.
Source: YAHOO