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European markets head for negative open as investors look ahead to U.S. inflation data

Posted on AllSides April 8th, 2024
From The Center

European markets are heading for a negative start Tuesday as investors look ahead to more key economic data this week, including U.S. inflation figures out Wednesday.

Markets continue to see a roughly 50% chance of a cut in March, according to CME's FedWatch tool, although Minneapolis Fed President Neel Kashkari last week raised the possibility of zero rate cuts this year if inflation remains sticky.

U.S. stock futures were little changed overnight, while Asia-Pacific markets were mixed overnight as investors awaited consumer confidence data from Japan.

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