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I STOCK EUROPEI POTREBBERO APRIRSI CON UNA NOTA POSITIVA

I STOCK EUROPEI POTREBBERO APRIRSI CON UNA NOTA POSITIVA

Giorno: 14 gennaio 2024 | Ora: 07:28 EUROPEAN STOCKS MAY OPEN ON A POSITIVE NOTE European stocks are expected to open on a positive note on Monday, following a tech-driven rally on Wall Street on Friday. However, the upside may remain limited and volatility cannot be ruled out as inflation concerns return to the forefront. Investors are eagerly awaiting the release of U.S. reports on consumer and producer prices this week, after data showed expectations for inflation among U.S. households are on the rise. The upcoming summit between Joe Biden and Xi Jinping also remains on investors' radar, with Beijing reportedly considering resuming purchases of Boeing's 737 Max aircraft. Moreover, retail giants Walmart, Home Depot, Target, and networking giant Cisco are among the prominent companies that will unveil their financial results this week. ASIAN MARKETS SEE MODEST LOSSES Asian markets were experiencing modest losses in Asian trade, with gold marginally lower, while Treasuries and the dollar remained largely steady in cautious trade. Oil prices fell about 1 percent, extending three weeks of declines due to concerns of declining demand in the U.S. and China, as well as a waning war-risk premium. U.S. STOCKS RALLY FOR SECOND WEEK OF GAINS U.S. stocks rallied on Friday to notch a second week of gains as Treasury yields stabilized after hitting 16-year highs the previous day. Investors shrugged off reports showing deteriorating consumer sentiment and rising inflation expectations among households. The tech-heavy Nasdaq Composite surged 2.1 percent, recording its best single-day gain since May. Meanwhile, the Dow and the S&P 500 climbed 1.2 percent and 1.6 percent, respectively, reaching their best closing levels in well over a month. EUROPEAN STOCKS CLOSE LOWER European stocks closed notably lower on Friday after hawkish comments from Fed, ECB, and BoE policymakers, as well as some disappointing regional economic data. The pan European STOXX 600 gave up 1 percent, while the German DAX dropped 0.8 percent, France's CAC 40 lost 1 percent, and the U.K.'s FTSE 100 shed 1.3 percent. MARKET ANALYSIS Overall, market sentiment remains cautious as investors weigh inflation concerns and await key economic data. The upcoming U.S. reports on consumer and producer prices, as well as the summit between Joe Biden and Xi Jinping, will be closely watched. Additionally, earnings reports from major companies such as Walmart, Home Depot, Target, and Cisco will provide further insights into the health of the global economy.

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