MARKET WRAPS
Watch For:
Germany WPI; updates from Henkel, Pandora
Opening Call:
Europe should open higher, with traders likely to take heart from Wall Street’s hefty gains on Friday, buoyed by signs of easing inflation and improving consumer sentiment. In Asia, major stock benchmarks were mixed; the dollar strengthened further; while Treasury yields, oil and metals all edged lower.
Equities:
European stocks should add to recent gains on Monday despite the energy crisis and worries over the ongoing supply chain challenges.
“The resilience of U.S. markets may be helping here, as receding inflation is tempering expectations that the Federal Reserve will be as aggressive as originally supposed when it comes to raising rates,” wrote Michael Hewson, Chief Market Analyst at CMC Markets UK.
Shares in Asia were mixed early Monday, but with losses limited, after China’s PBOC unexpectedly cut two key policy…
