European equity markets opened flat as investors took a cautious approach, waiting for US inflation data and keeping an eye on global trade diplomacy. Deutsche Bank has revised its global growth forecast higher, predicting a 2.9% expansion by 2025 due to easing trade tensions and supportive fiscal policies. Conversely, the World Bank lowered its forecast to 2.3% for global growth. Despite these contrasting views, the overall market sentiment remained subdued as investors braced for potential impacts from upcoming economic reports, particularly regarding Fed rate cuts and their effect on global risk appetite.
European equity markets opened flat on Wednesday as investors await critical US inflation data while monitoring global trade diplomacy developments.
Deutsche Bank revised its global growth forecast upward to 2.9% for 2025, supporting market sentiment amid easing trade tensions and fiscal policies.
Conversely, the World Bank cut its global growth forecast to 2.3% in 2025, reflecting a divergence in growth expectations from different institutions.
While US and China reached an agreement on the Geneva consensus, this framework remains outside a comprehensive deal, alleviating fears of escalating trade tensions.
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