📆 Thursday, September 14
► European equities saw minimal change, with the Stoxx 600 maintaining its position. Persistent cost pressures loom over Europe, exacerbated by skyrocketing energy prices. The money markets are predicting a two-thirds probability of the ECB elevating interest rates by 25 basis-points (this year). This is quite the shift in sentiment compared to earlier this month where a steady rate was the popular expectation. However, consensus is that rates will be left unchanged at 4.25%. All eyes are on the ECB's decision set for later today (12:15 UTC+0).
► The US market displayed a mixed performance yesterday, with Nasdaq Composite and S&P 500 seeing a slight boost post US inflation report, which met the projected figures. This fueled optimism around the Federal Reserve potentially halting rate increases. Meanwhile, the USD saw a dip against the Group-of-10 peers, and oil is on course for a 10-month peak. Currently US futures see slight gains.
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