European Shares May Struggle To Find Footing Amid Economic Uncertainty
From Nasdaq MarketSite: 2025-01-09 00:32:10
European stocks may face uncertainty on Thursday due to U.S. holiday honoring former President Jimmy Carter. Trump’s plans for tariffs on Mexico and Canada and a possible economic emergency declaration are causing caution. Federal Reserve officials express concern about inflation and advocate a slowdown in rate cuts. China faces deflation risks with low consumer inflation and factory deflation. Investors await Friday’s U.S. jobs report for Fed policy insight. Asian markets fall, oil holds losses, and gold ticks lower. U.S. stocks end mixed after mixed jobs data, with tech-heavy Nasdaq slightly down. European stocks fall on disappointing economic data.
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