From Nasdaq: 2025-01-17 00:32:20

European stocks are expected to open higher due to dovish remarks from Federal Reserve Governor Christopher Waller and positive economic data from China. Waller suggested multiple rate cuts this year if inflation eases, leading traders to increase bets on more aggressive cuts. China’s GDP grew by 5% in Q4 2024, meeting Beijing’s target, with strong industrial production and retail sales. Asian markets were mixed, with the yen strengthening. U.S. stocks saw profit-taking after gains, while economic data showed a slowdown in retail sales but a surge in manufacturing activity in the Mid-Atlantic region. European stocks hit a one-month high on Thursday with strong results from Richemont and rate-cut hopes.



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