European shares decline as cautious Fed commentary weighs
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
German wholesale prices fall 1.8% in April
STOXX 600 down 0.6%
Updated at 1600 GMT
By Shashwat Chauhan and Khushi Singh
May 28 (Reuters) -European shares fell in broad-based declines on Tuesday in the lead-up to crucial inflation prints around the world this week, while cautious commentary from Federal Reserve officials further dented sentiment.
The pan-European STOXX 600 index .STOXX closed 0.6% lower, its biggest single-day day drop in a month. Most local equity indexes also ended the day lower, with French stocks .FCHI the worst hit, down 0.9%.
Minneapolis Fed President Neel Kashkari said in an interview with CNBC that the U.S. central bank should wait for significant progress on inflation before cutting interest rates.
Travel and leisure .SXTP led losses across the major STOXX 600 indexes, falling 2.8% as London-listed shares of Flutter Entertainment FLTRF.L shed 7.4%.
Heavyweight health care stocks .SXDP dipped 1%, while real estate .SX86P bucked the trend to rise 0.7%.
"Markets were relatively quiet because not much was going on from an economic point of view," said Axel Rudolph, senior market analyst at IG Group.
"And with this long weekend, a lot of traders didn't reposition their portfolios in any meaningful way."
The spotlight would be on May consumer prices data for the euro zone due on Friday, while individual inflation readings from Germany, Spain and France will also be released throughout the week.
The European Central Bank (ECB) looks set to start easing interest rates in its upcoming meeting next week, with bets showing an over 91% probability of a rate cut, according to LSEG data.
On the other hand, traders see a 50% chance the first rate cut from the Fed could happen in September, according to the CME FedWatch Tool.
Also on the radar would be the U.S. personal consumption expenditures price index, the Fed's preferred measure of inflation, on Friday for clues on whether it will be able to cut interest rates this year.
Meanwhile, a freshEuropean Central Bank survey showed euro zone consumers lowered their inflation expectations last month, with expectations for inflation in the next 12 months easing to 2.9% from 3.0% a month earlier, hitting their lowest level since September 2021.
German wholesale prices fell 1.8% in April compared with the same month last year.
Among individual stocks,German flavour and fragrance maker Symrise SY1G.DE added 1%after Deutsche Bank raised its ratingon the stock to buy from hold.
Reporting by Khushi Singh and Shashwat Chauhan in Bangalore; Editing by Sherry Jacob-Phillips, Janane Venkatraman and Nick Macfie
免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。