Euro Stoxx 50 futures are expected to rise slightly. The Spanish stock market fell by 1.15% yesterday and lost 9900 points. Investors are again wary that a rate cut may not be imminent following the new announcements.
Asian stock markets rose, excluding Hong Kong, where Alibaba shares fell nearly 7% after quarterly results fell below expectations. Today’s meeting was the last one before the Chinese New Year celebration.
Wall Street closed in the green, and the S&P 500 index set a new record at 5,000 points. Investors put aside the issue of monetary policy and focused on the latest quarterly results, which analysts say generally beat expectations.
Flavio Carpenzano of Capital Group believes that “if inflation and interest rates fall as expected, both stocks and bonds will benefit. And if growth slows after inflation returns to nearly 2%, bonds could provide more resilience, as would be expected in a down market. I think the bonuses basic They can offer more diversification than in the last ten years because higher initial yields mean more room for bonds to recover if risky assets come under threat. “There are certainly risks to this vision, such as a new acceleration in growth leading to a new acceleration in inflation.”
Ben Ritchie, head of developed markets equities at abrdn: “There are options in Europe, but the most interesting sectors are industrials, technology, healthcare, luxury goods, specialty chemicals and pharmaceuticals, basic consumption. These industries will be driven by major global trends such as demographic shifts, the energy transition and increased business investment in technology. “Many European companies are also ideally positioned to benefit from growing and increasingly prosperous consumption in emerging markets.”
The euro is trading stable at $1.0782.
Brent crude, Europe’s benchmark, rose 0.56% to $79.62 a barrel. Airlines and travel firms are benefiting from a barrel of Brent oil below $80.
The 10-year Treasury yield remained steady at 4.11% today.
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