📆 Thursday, September 14
â–º 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).
â–º 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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