European markets open mixed amid pending central bank releases and Fed Chair Powell's speech.
European markets begin the new week in mixed territory, following a global market rally last week. UK's FTSE index is set to open 11 points lower at 8,299, while Germany's DAX is anticipated to drop 13 points to 18,314. Conversely, France's CAC 40 may rise 10 points to 7,454, and Italy's FTSE MIB is predicted to rise 58 points to 33,195. U.S. stocks saw gains last Friday, boosted by jobless claims and retail sales data, indicating a reduced risk of a U.S. recession. Investors await central bank releases, inflation data, and Federal Reserve Chair Jerome Powell's Jackson Hole speech for insights on rate cuts.
August 19, 2024
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