European stocks hit record high due to reduced rate cut expectations, positive outlook on Q2

From InvestorsObserver: 2024-04-02 06:58:00

European stocks reached an all-time high due to lower expectations for U.S. Federal Reserve rate cuts and anticipation of euro zone inflation data. U.S. manufacturing showed growth in March, raising doubts about the projected rate cuts. Euro zone manufacturing declined, but European stocks started Q2 positively. German inflation data and currency markets are closely watched. Oil prices rose on improved demand but face geopolitical tensions. Brent crude climbed to $88.70 a barrel, and gold hit an all-time high of $2,265.49.



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