European stocks are expected to open lower as investors digest the latest OPEC + announcement regarding oil production and continue to brood on inflation.
Inflation fears are weighing on stocks after the Consumer Price Index in the U.S. last week showed that inflation jumped 5.4% in June year-over-year, spooking investors. Separately. a U.S. consumer sentiment index from the University of Michigan released on Friday showing that consumers believe prices will jump 4.8% over the next year. This is the steepest climb since August 2008.around Germany and Belgium could weigh on sentiment in the region this week, as well as ongoing coronavirus concerns.
There are no major earnings Monday; data releases include U.K. house price data from Rightmove and euro zone construction output.Sign up for
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