European shares inched up on Monday as investors remained optimistic about U.S. corporate earnings this week, while awaiting more economic data to assess the health of euro zone economies.
beat earnings expectations, benefiting from rising interest rates and easing fears of stress in the banking system.
"Cautious optimism is the Monday motivation mantra, as stronger U.S. corporate news and signs of consumer resilience help to mask ongoing worries about the knock-on effect of higher interest rates," said Susannah Streeter, head of money and markets, Hargreaves Lansdown. Meanwhile, money market participants now see a 64% chance of the Fed hiking its key benchmark rate by 25 basis points in May, according to the CME Group's Fedwatch tool, after last week's mixed U.S. economic data.
Commentary from European Central Bank officials including President Christine Lagarde will be on investors' radar, as will economic data including the euro zone's March inflation, manufacturing and services activity for April, also due later in the week. Having started the year on a strong footing as the energy crisis abated and China's economy reopened from COVID-related lockdowns, European shares retreated after the collapse of two U.S. lenders, a forced rescue of Credit Suisse and uncertainty over interest rate outlook.even if most of its past hikes have yet to feed through to the economy, as rapid price growth was at risk of getting entrenched.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Clear, sunny Sunday, Monday with soggy stretch aheadTemperatures will warm up into the mid-70s with low humidity and clear blue skies. FOX 7 Austin meteorologist Adaleigh Rowe has all the details.
Leer más »
George Santos to announce reelection campaign MondayRep. George Santos (R-Long Island) will announce his campaign for reelection Monday at a press conference in Washington D.C. two people familiar with the plan tell The Post.
Leer más »
European spacecraft rockets toward Jupiter and its icy moonsThe journey began with a morning liftoff by Europe’s Ariane rocket from French Guiana in South America.
Leer más »
European spacecraft on way to Jupiter and its icy moonsA European spacecraft has blasted off on a quest to explore Jupiter and three of its ice-encrusted moons.
Leer más »
Rep. George Santos Expected To Unveil Re-Election Campaign on MondayAmid an ongoing House Ethics investigation and calls for his resignation, Santos, a freshman congressman, will reportedly run again in 2024.
Leer más »
Germany shutters last nuclear power plants amid European energy crisisGermany finally pulled the plug on its final three nuclear power plants Saturday, amid an energy crisis ravaging Europe.
Leer más »