From Investing.com: 2024-06-20 02:27:00

European markets were weak due to the absence of American markets, with the French CAC 40 dropping 0.77%. Investors are cautious about French political risks ahead of legislative elections, but European stock valuations are attractive compared to US markets. Crude oil remains above $80pb, supported by geopolitical tensions and rising demand, with a crucial support at $82pb. Policy announcements from the Norges Bank, SNB, and BoE are expected today. The SNB may cut rates to support the economy, while the BoE is hesitant due to high services inflation and potential stockpile replenishment.



Read more at Investing.com: Assessing Europe’s Economic Appetite Amid Political Uncertainty