FOREXLIVEIt has been a rough showing over the last two days for European equities, particularly French stocks. The CAC 40 got off to a better start yesterday only to fall by 1.3% by closing time. So, the slight bounce today isn't indicative of much. All eyes will be on the US inflation numbers later to see how that will affect the broader market mood.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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