European stocks mixed; US inflation, Chinese stimulus in focus
Investing.com - European stock markets traded in a lackluster fashion Thursday, with investors wary ahead of the release of key US inflation data.number saw traders scale back expectations of more outsized interest rate cuts from the Federal Reserve, and signs of inflation remaining sticky could hit these rate cut expectations further.
Additionally, the Chinese finance ministry said it will hold a briefing this Saturday to outline plans for fiscal stimulus measures aimed at boosting growth. China is a major export market for a number of Europe’s major companies, and the second-largest economy in the world has been struggling in the face of sluggish consumer spending and a real estate crisis.However, this good news was tempered by the German government downgrading its 2024 growth forecast, with Economy Minister Robert Habeck predicting late Wednesday that gross domestic product in the eurozone’s largest economy would shrink 0.2% this year, down from an earlier forecast of 0.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why the European Union's tariffs on Chinese automakers may not workSupporters say EU tariffs on Chinese EVs will offset harm of Chinese subsidies. Critics say they will slow EV adoption and hurt some European carmakers.
Read more »
Why EU tariffs are unlikely to dent Chinese EV makers' European expansionTo make the European market unattractive for Chinese EV exports, tariffs have to be as high as 50%, according to research group Rhodium.
Read more »
Why EU tariffs are unlikely to dent Chinese EV makers' European expansionTo make the European market unattractive for Chinese EV exports, tariffs have to be as high as 50%, according to research group Rhodium.
Read more »
European stocks rise after Chinese stimulus; growth concerns remainEuropean stocks rise after Chinese stimulus; growth concerns remain
Read more »
European Stocks Dip Despite Chinese StimulusEuropean stocks saw slight declines on Wednesday despite gains from previous sessions fueled by Chinese stimulus measures. Investors are also monitoring developments in sectors like banking and technology.
Read more »
European Union votes to impose tariffs on Chinese electric vehiclesEuropean Union member states on Friday voted in favor of the European Commission’s proposal to impose definitive tariffs on battery electric vehicles from…
Read more »