From Yahoo Finance: 2024-05-24 00:31:00

European and global markets facing uncertainty as Nvidia’s strong results fail to counter fears of higher interest rates. Investors cautious ahead of retail sales and GDP data releases for Britain and Germany. Futures predict weak open for European markets with STOXX 600 index set for 1% weekly drop. Bank of England facing UK inflation that slowed less than expected. ECB and Federal Reserve monitoring economic data closely. Markets expect rate cuts by BOE and ECB, while Federal Reserve likely to hold off until December. Hargreaves Lansdown in focus after shareholder interest in taking company private. Key events on Friday: Germany Q1 GDP, UK April retail sales, Sweden April PPI.



Read more at Yahoo Finance: Rates frustration spoils markets’ Friday mood