Markets in Europe are expected to open on a positive note on Monday amidst hawkish comments from Fed officials and pending economic data releases from China. Earnings updates from the corporate sector are expected to further sway sentiment.
Wall Street had closed on a negative note on Friday as a strong set of earnings and an unexpected rise in consumer sentiment triggered fears of further rate hikes by the Fed. The Nasdaq Composite shed 0.35 percent to close at 12,123.46 whereas the Dow Jones Industrial Average lost 0.42 percent to finish trading at 33,886.47.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.