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Uncle Banerjee looks ahead to European and global markets
An eerie calm prevails in global markets as traders await new inflation tests later in the week, the next clues about the interest rate outlook closely watched in the United States and Europe.
However, there was some excitement on Asia Day. Central Bank As South Korean stocks maintain this month’s rise, he signaled a slight weakening of his hawkish stance. relentless rally.
US inflation data is expected to be released on Thursday and euro zone data on Friday, with both expected to dominate market movements. For the time being, caution is the driving force, with futures prices on European stock exchanges showing subdued price movements today.
Traders were shocked earlier in the day when the Reserve Bank of New Zealand lowered its expected policy direction for future interest rates.
This was enough to trigger a rally in New Zealand bonds, as the market largely receded the risk of further rate hikes., Same goes for 1% kiwi dip. NZD=D3 It was the lowest price in about two weeks. Australian dollar/FRX/
Asian stocks other than Japan .MIAPJ0000PUS The Nikkei Stock Average was slightly lower, but .N225 was taking a breather after reaching its record peak and approaching its next goal of 40,000.
Korean stocks .KS11 It has soared 1% on the day and about 6% in February, boosted by the AI frenzy and authorities’ moves this week to boost shareholder returns and lower the “Korea discount.”
reckitt benkiser earnings RKT.LThe maker of Dettol and Lysol cleaning products is the main event in the company diary, focusing on how consumer demand is coping in the face of rising prices.
Two of the world’s top consumer goods companies, Danone and Nestléannounced last week that it would slow the pace of price hikes this year, saying two years of price hikes had left many shoppers looking for cheaper alternatives.
of M&A tracking Regarding British curry CURY.L Market prices further heated up after the electricity retailer rejected a £757 million ($959 million) improvement offer from US investor Elliott Advisors. China-based online retailer JD.com 9618.HK He also said he was considering an offer.
apple AAPL.O have canceled work People familiar with the matter told Reuters on Tuesday, 10 years after the iPhone maker launched the project.
Key developments that may impact the market on Wednesday:
Economic events: February euro area economic, industry and services sentiment and February euro area consumer confidence
Revenue: Reckitt Benckiser RKT.L
($1 = 0.7898 pounds)
US and Eurozone inflation have long been correlated https://reut.rs/3SHYsuM
(Written by Ankur Banerjee; Edited by Edmund Klamann)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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