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Major European stock markets expected to decline on Friday

Major European stock markets expected to decline on Friday

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European stock markets are expected to decline on Friday, following Wall Street and Tokyo.

 

According to Federal Reserve Chairman Jerome Powell, the scenario of a half-point rate hike in early May and a series of additional hikes thereafter is likely to occur.

 

Index futures suggest a decline of 1.82% for the CAC 40 in Paris, 1.44% for the Dax in Frankfurt, 1.22% for the FTSE 100 in London and 1.71% for the EuroStoxx 50.

 

See Also


A 50 basis point increase in the federal funds rate target will be “on the table” at the May 3 and 4 monetary policy meeting, explained Jerome Powell on Thursday after the close of European markets. He is considering the scenario favored by the markets, i.e. a series of half-percentage point hikes in the coming months.

 

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