European stock markets crept higher on Tuesday as investors awaited the first fl...
“If Goldman and JPM have good results you could see it have an impact in the sector in Europe, especially in UK stocks such as Barclays, UBS and Llyods,” said Accendo’s Panesar.
Investors will be watching for U.S. June retail sales data, expected to have risen 0.1%, later in the day to gauge the extent of a Federal Reserve rate cut this month. European stocks have rebounded from their worst falls in more than two years in May, driven by expectations that major central banks will further loosen monetary policy to boost growth and offset the impact of a protracted trade war.
Denting optimism around progress in U.S.-China trade talks, U.S. President Donald Trump said Washington could pile on more pressure on China, pointing to slowing economic growth in China as evidence that U.S. tariffs were having “a major effect”.Reporting by Susan Mathew and Amy Caren Daniel in Bengaluru; editing by Patrick Graham
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