European Stocks Edged Up
Published on: Apr 18, 2024|1 min read
London: 18 April 2024 (TraderMade): European stocks are edging up cautiously today after a rough week. The sentiment shift comes after positive signs from Asian markets, particularly chipmakers, fueled by hopes for strong earnings from TSMC.
Additionally, the promise of more stability in currency markets, curbing the surging dollar, offers some relief.
However, the Federal Reserve is still expected to be the last major central bank to cut rates this year, despite comments from ECB vice-president Luis de Guindos suggesting a potential policy loosening if inflation targets are met.
Investors will be closely watching key events like the IMF/World Bank meetings and earnings reports from TSMC and Netflix for further market direction.
