{"id":732,"date":"2023-02-14T08:02:37","date_gmt":"2023-02-14T13:02:37","guid":{"rendered":"https:\/\/embarrdowns.com\/european-stock-markets-edge-higher-ahead-of-u-s-inflation-data-and-yen-strengthens-on-boj-appointment\/"},"modified":"2023-02-14T08:02:38","modified_gmt":"2023-02-14T13:02:38","slug":"european-stock-markets-edge-higher-ahead-of-u-s-inflation-data-and-yen-strengthens-on-boj-appointment","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/european-stock-markets-edge-higher-ahead-of-u-s-inflation-data-and-yen-strengthens-on-boj-appointment\/","title":{"rendered":"European Stock Markets Edge Higher Ahead of U.S. Inflation Data and Yen Strengthens on BOJ Appointment"},"content":{"rendered":"

European stock markets edged higher on Monday, as investors assessed the potential for further monetary policy tightening ahead of key US inflation data and fresh quarterly Eurozone economic forecasts.[0]<\/a><\/sup> Wall Street equity futures also moved higher, helping to buoy sentiment on the continent. <\/p>\n

Investors were also keeping a close eye on the latest German inflation data as well as the continuation of the quarterly corporate earnings season.[1]<\/a><\/sup> U.S. crude futures traded higher at $73.64 a barrel and the Brent contract rose 0.5% to $80.31. <\/p>\n

However, the markets ended the day lower as uncertainties around inflation and further interest-rate hikes by the U.S. Federal Reserve weighed on investor sentiment. U.S. crude futures settled up $1.66 at $79.72 a barrel, while Brent rose $1.89 to close at $86.39.<\/p>\n

The yen moved higher following the formal nomination of Kazuo Ueda as the next Bank of Japan governor, as traders increased bets that the BOJ\u2019s yield-curve control and negative-rate policies may be abolished soon. The yen rose against most Group-of-10 currencies, as the Japanese government was set to appoint Ueda as the central bank’s next governor.<\/p>\n

0. <\/span>“European Shares Retreat On Rate Worries” RTTNews, 10 Feb. 2023, https:\/\/www.rttnews.com\/3343402\/european-shares-retreat-on-rate-worries.aspx<\/a><\/a><\/p>\n

1. <\/span>“European stock futures higher; German CPI, Credit Suisse in focus By Investing.com” Investing.com, 9 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/european-stock-futures-higher-german-cpi-credit-suisse-in-focus-2998947<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European stock markets edged higher on Monday, as investors assessed the potential for further monetary policy tightening ahead of key US inflation data and fresh quarterly Eurozone economic forecasts.[0]<\/a><\/sup> Wall Street equity futures also moved higher, helping to buoy sentiment on the continent. <\/p>\n

Investors were also keeping a close eye on the latest German inflation data as well as the continuation of the quarterly corporate earnings season.[1]<\/a><\/sup> U.S. crude futures traded higher at $73.64 a barrel and the Brent contract rose 0.5% to $80.31. <\/p>\n

However, the markets ended the day lower as uncertainties around inflation and further interest-rate hikes by the U.S. Federal Reserve weighed on investor sentiment. U.S. crude futures settled up $1.66 at $79.72 a barrel, while Brent rose $1.89 to close at $86.39.<\/p>\n

The yen moved higher following the formal nomination of Kazuo Ueda as the next Bank of Japan governor, as traders increased bets that the BOJ\u2019s yield-curve control and negative-rate policies may be abolished soon. The yen rose against most Group-of-10 currencies, as the Japanese government was set to appoint Ueda as the central bank’s next governor.<\/p>\n

0. <\/span>“European Shares Retreat On Rate Worries” RTTNews, 10 Feb. 2023, https:\/\/www.rttnews.com\/3343402\/european-shares-retreat-on-rate-worries.aspx<\/a><\/a><\/p>\n

1. <\/span>“European stock futures higher; German CPI, Credit Suisse in focus By Investing.com” Investing.com, 9 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/european-stock-futures-higher-german-cpi-credit-suisse-in-focus-2998947<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":731,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/732"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=732"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/731"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}