European stocks expected to open lower, Nasdaq down 1%, disappointing earnings

From Nasdaq.: 2024-10-16 01:45:20

European stocks are expected to open lower as investors gear up for earnings reports from TSMC and Morgan Stanley. The European Central Bank’s policy meeting is on Thursday, with a rate cut anticipated. UK will release consumer and producer price inflation data. Asian stocks dropped as excitement over Chinese stimulus waned. Japan’s Nikkei fell 2% following a BOJ official’s cautious rate hike comments. Gold rose, oil inched up, and Israel stated it will act in its national interest against Iranian missile threats. US stocks closed lower due to disappointing earnings and manufacturing data. Tech and energy sectors saw significant losses, with the Nasdaq down 1% and European stocks slipping across major indices.



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