The cheer from Wall Street darling Nvidia's strong results didn't last long as fears that interest rates would stay higher for longer once again dampened the...
The cheer from Wall Street darling Nvidia's strong results didn't last long as fears that interest rates would stay higher for longer once again dampened the AI rally.
Futures indicate a weak open in Europe with the STOXX 600 index poised for a near 1% weekly decline, its biggest such drop since mid April. The blue-chip UK stock index will also be in focus after the surprise call for a general election by Prime Minister Rishi Sunak.The Bank of England also has to contend with UK inflation that slowed less than expected in April.
The ECB has long pinned rate cut hopes on this crucial wage figure but has essentially committed to policy easing on June 6, so the fresh number is more likely to influence policy decisions later in the year. In corporate news, the focus will be on Hargreaves Lansdown after Reuters reported the UK retail investment platform's biggest shareholder, Peter Hargreaves, was open to taking the company private.Economic events: Germany Q1 GDP, UK April retail sales, Sweden April PPIA high-yield TSX dividend stock is a buying opportunity for long-term investors. The post 1 Magnificent TSX Dividend Stock Down 9% to Buy and Hold Forever appeared first on The Motley Fool Canada.
Ankur Banerjee Basis Points Interest Rates Prime Minister Rishi Sunak European Central Bank Hargreaves Lansdown
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