From Yahoo Finance: 2025-03-20 01:33:00

European and global markets shift focus to central banks like the Bank of England, Swiss National Bank, and Riksbank for rate decisions post-Fed meeting. BoE expected to hold rates amid concerns over US tariffs and UK tax hike impact on economy. UK wage data also awaited, with steady growth anticipated.

Riksbank likely to maintain rates, while SNB expected to cut main policy rate and hold until 2026. Trump urges Fed to cut rates as tariffs affect economy. Powell acknowledges slower growth and higher inflation due to tariffs, hinting at potential rate cuts this year.

Investors optimistic about Fed easing, driving Asian stocks higher. Europe sees mixed open with EUROSTOXX 50 futures up slightly, FTSE futures down. Geopolitical tension rises as Israel intercepts missile from Yemen, impacting oil prices. Possibility of Russian supply return also influences market.

Oil prices climb on Middle East tensions, with Brent crude futures up 0.55% and US crude futures gaining 0.46%. Russian supply could return as Ukraine and Russia discuss halting energy strikes. Trump and Zelenskiy agree to work together to end conflict, boosting market sentiment. Key market influencers include central bank decisions and UK wage data.

Read more: Central bank baton passes to Europe