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Inflation Worries Seen Weighing On European Market Sentiment

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

European stock markets are seen opening on a weak note on Tuesday amidst worries about inflation, ahead of the release of crucial inflation indicators. The PCE-based inflation readings from the U.S., seen as the Fed's preferred inflation gauge is due on Thursday. Inflation updates from the Euro Area are also due in the coming days, weighing on sentiment.

Wall Street had closed with mild losses on Monday amidst anxiety ahead of the release of the PCE readings. Nasdaq Composite edged down 0.07 percent to close at 14,241.02 whereas the Dow Jones Industrial Average slipped 0.16 percent to finish trading at 35,333.47.

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