21.05.2024 07:32:06 - dpa-AFX: European Shares Seen Lower At Open On Hawkish Fed Comments

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks may open a tad lower on
Tuesday as interest-rate concerns persist and the sudden death of Iranian
President Ebrahim Raisi in a helicopter crash fueled uncertainty about oil
supplies.

Investors also look ahead to the release of the minutes of the Federal Reserve's
latest policy meeting, commentary from Fed officials, and an earnings report
from artificial intelligence darling Nvidia for directional cues.

Fed Vice Chair Philip Jefferson said on Monday that it is difficult to tell if
the slowdown in inflation is 'long lasting.'

Vice Chair Michael Barr stated in a speech that the Fed's restrictive policy
would need 'some further time to continue to do its work.'

Atlanta Fed President Raphael Bostic said that prices will drop at a slower pace
than many had expected.

Asian markets paused for breath after seven days of gains. Gold slipped from a
record high as the dollar rose slightly against other major currencies.

The oil market is showing signs of weakness despite an uptick in geopolitical
tensions ahead of an OPEC+ meeting on supply.

Overnight, U.S. stocks ended mixed as Treasury yields climbed on hawkish
comments from Federal Reserve officials.

The tech-heavy Nasdaq Composite climbed 0.7 percent to close at a record high
ahead of Nvidia's closely watched earnings report.

The S&P 500 finished marginally higher while the Dow slipped half a percent
after closing above 40,000 Friday.

European stocks closed higher on Monday as commodity prices surged to record
levels amid elevated geopolitical tensions and optimism over Chinese economic
recovery.

The pan European STOXX 600 gained 0.2 percent. The German DAX and France's CAC
40 both edged up by 0.4 percent while the U.K.'s FTSE 100 ended flat with a
positive bias.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 8.016,03 03.06.24 15:56:00 +23,16 +0,29% - - 8.069,62 7.992,87
FTSE 100 969378 Financial Times SE 8.294,32 03.06.24 15:56:48 +18,94 +0,23% - - 8.275,38 -
DAX ® 846900 Xetra 18.633,41 03.06.24 15:56:57 +135,47 +0,73% - - 18.503,79 18.497,94
E-STOXX 50 ® 965814 STOXX Ltd. 5.017,73 03.06.24 15:57:00 +34,06 +0,68% 0,000 - 5.008,10 4.983,67

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