Global Stock Markets React to US Data and Currency Pressures
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#5e43e797 ver:0.08
Global stock markets mostly retreated as geopolitical tensions and inflation concerns weighed. European stocks mostly drifted lower as traders assess the outlook for interest rates and inflation. Danske Bank Research expects three interest-rate cuts from the European Central Bank this year, but recent data suggests a growing possibility of fewer cuts. Entain shares have fallen 20% year-to-date, and the absence of a permanent CEO creates a muted sentiment. Stock futures edged lower, while Treasury yields were roughly flat. The dollar rose and could stay high for now, but the prospects of forthcoming Fed rate cuts should cause the currency to fall in the second quarter. UBS Global Wealth Management said major currencies could continue to stick within recent ranges as central banks look set t...
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