Stocks Rise as Traders Await Inflation Cues – Europe Market Wrap
Global markets rose and the currency fell on hopes that a key US inflation indicator would confirm falling price pressures, potentially allowing the Federal Reserve to lower interest rates in the coming months.
The pan-European Stoxx 600 Index rose 0.4%, driven by car shares, which profited from news that China and the European Union had agreed to begin discussions on the bloc’s intention to impose tariffs on electric vehicles. S&P 500 futures rose by roughly 0.2%, but Nasdaq 100 contracts remained flat, weighed down by a 3% drop in artificial-intelligence giant Nvidia.
Nvidia was expected to continue losses for the third consecutive day, wiping off another $70 billion in market value. Meanwhile, Eurofins Scientific fell up to 24% in Paris when the file laboratory testing firm was targeted by Carson Block’s Muddy Waters Research.
Markets are entering a time fraught with political risk, with the first round of the French legislative election on Sunday and polls suggesting increases for the far-right National Rally.
