{"id":10130,"date":"2021-05-26T05:40:06","date_gmt":"2021-05-26T05:40:06","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/26\/european-shares-seen-up-after-fed-inflation-comments\/"},"modified":"2021-05-26T05:40:06","modified_gmt":"2021-05-26T05:40:06","slug":"european-shares-seen-up-after-fed-inflation-comments","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/26\/european-shares-seen-up-after-fed-inflation-comments\/","title":{"rendered":"European Shares Seen Up After Fed Inflation Comments"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks may open broadly higher on Wednesday amid further assurances from Fed officials that rising inflation is largely due to transitory factors. <\/p>\n<p>The dollar wallowed near its weakest since early January against major peers and the yield on benchmark 10-year Treasury notes hovered at 1.5723 percent after Chicago Fed President Charles Evans said the recent strong U.S. inflation readings are not the start of a steady move higher in consumer prices.<\/p>\n<p>&#8220;Right now, policy is in a very good place and we need to be patient,&#8221; San Francisco Fed President Mary Daly told CNBC.<\/p>\n<p>Fed Vice Chair Richard Clarida said that he is not expecting a scenario where an overheating <span class=\"landLinks\">economy<\/span> leads to runaway inflation.<\/p>\n<p>On the COVID-19 front, the <span class=\"landLinks\">coronavirus<\/span> variant first detected in India has now been officially recorded in 53 territories, a World Health Organization report showed. <\/p>\n<p>Asian stocks advanced and spot gold rose above $1,900 per ounce on dollar weakness, while oil edged down slightly as investors weighed the impact from possible return of Iranian oil to the market.<\/p>\n<p>Business and consumer confidence survey results are due from France later today, headlining a light day for the European economic news.<\/p>\n<p>Across the Atlantic, traders are likely to look ahead to the second release of the first quarter U.S. gross domestic product data due Thursday and Friday&#8217;s closely-watched inflation data for more clues on the economic recovery and the outlook for monetary policy. <\/p>\n<p>Overnight, U.S. stocks fluctuated before ending slightly lower, as disappointing consumer confidence and housing sales readings dented sentiment. <\/p>\n<p>The Dow and the S&amp;P 500 slipped around 0.2 percent while the tech-heavy Nasdaq Composite finished marginally lower. <\/p>\n<p>European stocks ended mixed on Tuesday after reaching record highs earlier in the session. The pan European Stoxx 600 ended flat with a positive bias. <\/p>\n<p>The German DAX edged up 0.2 percent to a new high, while France&#8217;s CAC 40 index and the U.K.&#8217;s FTSE 100 both shed around 0.3 percent. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>European Shares Seen Up After Fed Inflation Comments<\/a><br \/>\n<br \/>2021-05-26 05:40:06<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks may open broadly higher on Wednesday amid further assurances from Fed officials that rising inflation is largely due to transitory factors. The dollar wallowed near its weakest since&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10130","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10130"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10131"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}