FOMC's Caution vs. Eurozone Positivity: Market Analysis Article

 

FOMC Minutes with a mixed tone fail to deter a dovish rate outlook.

  • European markets show early gains in trading.
  • Despite the mixed FOMC minutes, the dovish outlook on interest rates remains unchanged.
  • Focus on energy markets as WTI reaches a one-week high.

European markets have started the session positively, seemingly unaffected by yesterday’s mixed Fed minutes. Despite concerns in the tech sector, notably led by Apple, causing a sharp decline for the Nasdaq, a series of positive data points from the eurozone, including a lower-than-expected French CPI figure (0.1%), and upward revisions to the eurozone services PMI reading, have bolstered sentiment.


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