Friday, July 30, 2021
HomeNewsEuropean stocks start trading flat - News

European stocks start trading flat – News

European stocks are set to open in flat notes on Friday after major US indexes have regained some losses to finish their day’s lows overnight.

Asian market A two-month low as coronavirus delta variants spread rapidly around the world and central banks feared imminent monetary tightening to curb inflation, raising concerns about the pace of global economic recovery. I attached it.

Political tensions in the Middle East, Russia and China, as well as Beijing’s crackdown on foreign-listed Chinese companies, have also undermined investors’ desire for higher-risk assets.

Gold was expected to end the week with a third straight week of rise as 10-year Treasury yields reached unprecedented levels since February, reflecting investor anxiety over the economic outlook.

Copper prices in London rose as the US dollar fell from a three-month high. Oil prices rose moderately after the EIA report showed a much larger than expected decline in crude oil and gasoline inventories.

Monthly GDP estimates and foreign trade reports will be submitted by the UK later in the session, marking a bright day for European economic news.

Factory gate prices rose at a slower pace after China’s CPI inflation eased in June and the government stepped up efforts to curb commodity prices, official data said earlier that day. Shown in stages.

US stocks ended overnight in the negative territory, with Treasury yields declining on the fourth day. Coronavirus Unemployed claims data has been added to concerns about the economic outlook.

The Dow fell 0.8%, the tech-intensive Nasdaq Composite fell 0.7%, and the S & P 500 fell 0.9%.

European stocks turned bright red on Thursday due to concerns over China’s recovery and China’s historic technological crackdown. The European Central Bank has raised its inflation target and has shown easy funding for a longer period of time.

The Pan-European STOXX 600 plunged 1.7%. France’s CAC 40 index fell 2%, while Germany’s DAX and the UK’s FTSE 100 both fell 1.7%.

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