European markets set to open lower with Fed in focus
The La Defense business district of Paris, France, on Feb. 6, 2023.European markets opened lower Tuesday, looking set to continue a choppy week as investors weigh up strong corporate earnings and the potential for the U.S. Federal Reserve to remain hawkish.index was down 0.2% at the open with nearly all sectors in the red. Financial services fell furthest, down 0.6%.Markets are shifting their expectations for significant interest rate cuts this year, pricing in U.S.
U.S. President Joe Biden will deliver a speech in Poland later in the day, after visiting the Ukrainian capital Kyiv yesterday in a show of support for the country, as he pledged further military assistance and Russian sanctions as the one-year anniversary of the war approaches. However, markets have recently largely shrugged off any pronouncements regarding the war or its impact — such as the Russian
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