Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower.
to make the private economy "bigger, better and stronger" with a series of policy measures designed to help private business.
Traders and analysts expect the European Central Bank to raise its benchmark rate by 25 basis points but what comes after that has been up for debate in the wake of recentThe Bank of Japan Governor Kazuo Ueda said this week that there was still some distance to sustainably and stably achieving the central bank's 2% inflation target, dousing speculation of a hawkish policy shift next week.
"As investors grow more confident that peak inflation is definitively behind us, so do expectations that the U.S. Federal Reserve’s current rate hiking cycle will finally be over" after next week's meeting, said Nuveen's Chief Investment Officer Saira Malik.
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