"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
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According to Federal Reserve<\/strong> Chairman Jerome Powell<\/strong>, the scenario of a half-point rate hike in early May and a series of additional hikes thereafter is likely to occur.<\/p>\n <\/p>\n 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.<\/p>\n <\/p>\n A 50 basis point increase in the federal funds rate target will be “on the table<\/em>” 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.<\/strong><\/p>\n <\/p>\n At the same time, in the euro zone, the scenario of a first rate hike in July continues to be reinforced by statements from European Central Bank (ECB) officials.<\/strong> The general climate thus seems unfavorable for equities, especially since the prolonged confinements in China<\/strong> are likely to fuel inflation in the weeks and months to come.<\/p>\n <\/p>\n Wall Street<\/strong> finished sharply lower on Thursday after giving up its initial gains, as Jerome Powell’s statements brought interest rate hikes back to the forefront of investors’ minds.<\/p>\n <\/p>\n The indices had started positively after a series of good results such as those of Tesla<\/strong> (+3.23%) or several airlines. But the comments of Jerome Powell have made the major growth stocks, such as Alphabet<\/strong> (-2.51%) or Amazon<\/strong> (-3.7%).<\/p>\n <\/p>\n On the Tokyo Stock Exchange<\/strong>, the Nikkei<\/strong> index ended down 1.63%, a decline that particularly affected technology and growth stocks.<\/p>\n <\/p>\n In China, the major indices, which were hesitant for most of the session, rose again after hitting their lowest level since mid-March: the Shanghai SSE Composite gained 0.66% and the CSI 300 0.8%.<\/p>\n <\/p>\n The oil market<\/strong> is taking another hit on the prospect of higher rates and fears of weak Chinese demand. It should be down about 4% for the week.<\/p>\n <\/p>\n <\/p>\n Read also > \u00a0STOCK MARKET : CHINA SENDS OIL MARKETS PLUNGING<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Freepik[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n According to Federal Reserve<\/strong> Chairman Jerome Powell<\/strong>, the scenario of a half-point rate hike in early May and a series of additional hikes thereafter is likely to occur.<\/p>\n <\/p>\n 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.<\/p>\n <\/p>\n A 50 basis point increase in the federal funds rate target will be “on the table<\/em>” 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.<\/strong><\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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European stock markets are expected to decline on Friday, following Wall Street and Tokyo.<\/h4>\n