European stocks steadied with U.S. equity futures Thursday as investors braced for the European Central Bank’s first interest rate hike in 11 years
European stocks steadied with US equity futures Thursday as investors braced for the European Central Bank’s first interest rate hike in 11 years, while Russia resumed sending gas to Europe through a key pipeline, dispelling investors’ worst fears.
Risk sentiment remains fragile as investors debate whether equities have reached a trough after this year’s selloff amid the war in Ukraine, a slowdown in China and the prospect of a US recession. The resumption of gas exports to Europe through Nord Stream is set to provide some relief for the continent that’s racing to store the fuel before the winter.
Geopolitics are adding to investors’ skittishness. Russian President Vladimir Putin has warned that unless a spat over sanctioned parts of the Nord Stream pipeline is resolved, flows will be tightly curbed, and some European countries are telling residents to conserve gas.
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