{"id":37561,"date":"2023-08-17T05:27:15","date_gmt":"2023-08-17T05:27:15","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/08\/17\/european-shares-seen-tad-lower-on-fed-tightening-worries\/"},"modified":"2023-08-17T05:27:15","modified_gmt":"2023-08-17T05:27:15","slug":"european-shares-seen-tad-lower-on-fed-tightening-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/08\/17\/european-shares-seen-tad-lower-on-fed-tightening-worries\/","title":{"rendered":"European Shares Seen Tad Lower On Fed Tightening Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> European stocks may open lower on Thursday amid concerns about global interest rates staying higher for longer. <\/p>\n<p>The Bank of England is expected to hike rates again in late September after U.K. core CPI came in unchanged in July. <\/p>\n<p>The FOMC meeting minutes released on Wednesday indicated that the Fed may not be done with rate hikes.<\/p>\n<p>Citi economist Veronica Clark told Bloomberg that she expects the U.S. central bank o pause in September and hike by 25bps in November. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> were seeing modest losses to hover near nine-month lows on concerns over China&#8217;s sluggish economic recovery. <\/p>\n<p>The dollar hit a two-month peak and Treasury yields mostly rose, pushing gold prices to a five-month low. Oil traded lower for the fourth straight session amid signs of stress in China&#8217;s property sector. <\/p>\n<p>In economic releases, Eurostat publishes euro area foreign trade data for June later in the day. Economists forecast the trade balance to post a surplus of EUR 18.3 billion compared to a shortfall of EUR 0.3 billion posted in May.<\/p>\n<p>U.S. stocks fell for a second straight session overnight while yields on longer-term Treasuries reached their highest levels since October after the latest FOMC minutes showed that Fed officials were divided over the rate hike in July and saw &#8220;significant upside risks to inflation, which could require further tightening of monetary policy.&#8221;<\/p>\n<p>In economic releases, housing starts for July showed positive momentum while U.S. industrial production returned to growth after two straight months of decline &#8211; separate reports showed. <\/p>\n<p>The Dow dropped half a percent, the S&amp;P 500 shed 0.8 percent and the tech-heavy Nasdaq Composite lost 1.2 percent. <\/p>\n<p>European stocks ended mixed on Wednesday, as more disappointing Chinese economic data and concerns over the <span class=\"landLinks\">health<\/span> of the U.S. banking sector offset positive Eurozone GDP, industrial output and U.K. inflation readings. <\/p>\n<p>The pan European STOXX 600 closed flat with a negative bias. The German DAX edged up 0.1 percent, while France&#8217;s CAC 40 slipped 0.1 percent and the U.K.&#8217;s FTSE 100 eased 0.4 percent. <\/p>\n<\/p>\n<p>Business News<\/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 Tad Lower On Fed Tightening Worries<\/a><br \/>\n<br \/>2023-08-17 05:27:15<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks may open lower on Thursday amid concerns about global interest rates staying higher for longer. The Bank of England is expected to hike rates again in late September&#8230;<\/p>\n","protected":false},"author":2,"featured_media":37562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-37561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37561","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=37561"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/37562"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=37561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=37561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=37561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}