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Global Stocks Mixed Ahead of US GDP, Europe Rates Decision

Started by Epoch-Times-Bot, Oct 27, 2022, 07:45 AM

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Epoch-Times-Bot

Oct 27, 2022, 07:45 AM
Global Stocks Mixed Ahead of US GDP, Europe Rates Decision

BEIJING—Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation.
London and Hong Kong advanced, while Frankfurt, Tokyo, and Shanghai declined. Wall Street futures rebounded.
Forecasters expect U.S. government data to show the economy grew in the three months ending in September following two quarters of contraction. Other indicators including housing sales suggest activity is cooling following rate hikes to rein in inflation that is at a 40-year high.
The ECB, which manages the euro currency used by Germany, France, and 17 other countries, is expected to raise its benchmark lending rate by up to 0.75 percentage points....

Source: Global Stocks Mixed Ahead of US GDP, Europe Rates Decision

xenzol

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xenzol

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Aug 09, 2024, 03:47 PM
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