Big week on earnings, monetary policy

LONDON – European markets will recover on Monday as investors brace for a week of big corporate earnings and key monetary policy decisions from US Federal Reserve.

His FTSE 100 about 29 points lower at 7,247, of Germany DAX is expected to drop about 83 points to 13,171 and that of France CAC 40 is set to drop about 40 points to 6,177.

Much of this week’s focus will be on the US Federal Reserve’s two-day policy meeting, which ends on Wednesday, with economists widely expecting the central bank to raise 75 percent. base point for interest rates.

The European Central Bank last week started its own hiking cycle with a 50 basis point increase, larger than previously suggested.

Eagle ECB policymaker Robert Holzmann told an Austrian television station on Sunday that the Board of Governors will review the economic landscape across the eurozone before determining whether another major rate hike is possible in September.

Stocks in Asia – Pacific most were lower overnight as fears of a global recession halted momentum sending investors back to the recent risk-on sentiment, with traditional safe-haven bonds and the dollar find a substantial bid.

US stock futures Partially lower in pre-market trading, a positive week ahead on Wall Street as traders brace for a slump in corporate earnings and assess the future trajectory of interest rate hikes. Fed.

Corporate earnings will also be a key driver of stock market movements in Europe, with UBS, Unilever, LVMH, Credit Suisse, Deutsche Bank, Daimler, Cover, Barclays, Nestlé and Renault of the major players reported throughout the week.

Notable earnings due before the bell on Monday include Ryanair, Vodafone, Philips, Faurecia and Julius Baer.

On the data front, German retail sales and the Ifo business climate index for July are expected mid-morning.

Ordered to CNBC PRO for exclusive insights and analysis, as well as live coverage of the business day from around the world.

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