Tuesday, October 3, 2023

Inflation in the United States and ECB meeting, key week

The European stock markets could open with increases of 0.2%, As the futures show an hour before the open, with two fundamental keys: inflation in the United States and the ECB meeting.

Price numbers in the United States will be released on Wednesday and the underlying price is expected to continue to fall (from 4.7% to 4.3%), although the general price will recover.

On Thursday we will find out the expected decision from the European Central Bank in which it could raise interest rates again or pause them. The focus of interest is the statements of the President of the ECB, Christine Lagarde, in particular the outlook until the end of the year.

Next week it’s the Federal Reserve’s turn. According to CME Group’s FedWatch, investors give investors a 93 percent chance of keeping rates at current levels but only a 53.5 percent chance of another break at the November meeting.

Investors will continue to monitor Telefónica’s movements. This Sunday, the acting First Vice President of the Government, Nadia Calviño, confirmed that she did not maintain contact with the Crown Prince of Saudi Arabia, Mohamed bin Salmán, during the G20 summit in New Delhi, following the accession of the STC group to the involvement of the Spanish operator.

He added that there was no official communication yet to the Ministry of Defense as to the step that would initiate the assessment process by the government.

This Wednesday, Inditex publishes results and, according to forecasts, could break new sales and profit records again in the first half of its financial year. So far this year, shares of the textile company have risen more than 40% on the stock market.

Cimic of Spanish group ACS has reported that Leighton Asia, one of its subsidiaries, has won a contract to build a luxury residential project in India that will generate revenue of 114 million euros.

Acciona and its partners have completed the construction of Canada’s largest hydroelectric power plant, a 1.8 billion euro project that represents one of the Spanish group’s most important in the region.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news