European Stock Markets Open Divided Amidst Central Bank Decisions adn Economic Data
BRUSSELS – July 13,2023 – European stock markets began trading with mixed results as investors digested a busy economic calendar featuring key interest rate decisions from the Turkish Central Bank and the European Central Bank (ECB),alongside inflation data from the United states. The uncertainty surrounding monetary policy and global economic health is contributing to volatility across the continent.
Today’s trading session is heavily influenced by anticipated policy shifts and economic indicators. The Turkish Central Bank announced its interest rate decree at 13:00 CEST, while the ECB will reveal its own interest rate decision at 14:15 CEST, followed by an explanation from ECB President Christine Lagarde at 14:45 CEST. Concurrently, U.S. inflation figures for August and weekly support applications data are due at 14:30 CEST, adding further complexity to the market landscape.Thes events collectively impact investor sentiment and corporate valuations, especially within the financial and energy sectors.
Several key events are scheduled throughout the day. International trade data for July from the Netherlands will be released at 6:30 CEST, followed by the monthly IEA report at 10:00 CEST. Later, the OPEC monitor report is expected at 14:00 CEST.
On the corporate front, Eurocommercial is holding an Investor Day, while Solvac shares are trading ex-dividend as of 09:00 CEST. U.S. companies Kroger and Adobe will report their second and third quarter figures, respectively, at 13:00 and 22:00 CEST.
Disclaimer: ABM financial News is the supplier of Beursnieuws in the Benelux. The information provided is not intended as professional investment advice or a recommendation to make specific investments.
