European markets are set for a mixed open as uncertainty continues into 2023.
LONDON — European markets are set for a mixed open as uncertainty continues into 2023, with investors assessing China's reopening and awaiting minutes from the latest U.S. Federal Reserve policy meeting.shares across the rest of the continent roseThe figures offered hope of a light at the end of the tunnel, after a year beset by recession fears as central banks around the world hiked interest rates aggressively to rein in soaring inflation.
The Caixin purchasing managers' index showed further declines in factory activity on surging Covid infections, but the survey also put business confidence around the 12-month outlook for output at its highest level since February 2022. Global investors will have one eye on the minutes from the Fed's December policy meeting, due to be published on Wednesday.
The central bank hiked rates by 50 basis points in December following four consecutive 75 basis point increases, and markets will be keen to gauge the likely trajectory of monetary policy in 2023.
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