The FTSE 100 (^FTSE) and European stocks were a mixed bag on Wednesday, as traders await the latest data on US GDP and inflation later today.
It comes as financial markets are expecting the first interest rate cut from the Federal Reserve in June, rather than March as anticipated at the start of the year. Traders have pencilled in 77 basis points of cuts against pricing in 150 bps at the start of the year.
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London’s benchmark index was 0.3% lower in early trade, hit by string of poor results
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Germany’s DAX (^GDAXI) rose 0.2% and the CAC (^FCHI) in Paris managed to eke out a 0.1% gain
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The pan-European STOXX 600 (^STOXX) was down 0.05% in early trade
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Country Garden, China’s largest property giant hit with winding up petition
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Wall Street is set to open higher as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all in the red
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