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Markets Eye Eurozone CPI and US Industrial Data Amid Geopolitical Risks
Fed rate hike odds for September slip below 50% as traders await final Eurozone CPI and US macro releases.
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Eurozone inflation declined in June as cooling energy prices increased the likelihood that the European Central Bank will refrain from raising its key interest rate this month. A jump in energy company profits is forecast to drive European blue-chip earnings growth in the second quarter. Energy sector growth is expected to overshadow far weaker gains across the rest of the European market. The EU plans to offer carbon market flexibility to address concerns regarding industrial sector competitiveness.
Fed rate hike odds for September slip below 50% as traders await final Eurozone CPI and US macro releases.
Read the full storyThe European Union is preparing measures to introduce flexibility within its emissions trading system to protect local industries from high carbon costs and global competition.
Strong energy sector profits are forecast to bolster European earnings, offsetting sluggish performance across other market industries in Q2 2026.
Eurozone inflation eased in June as energy prices fell, reinforcing market expectations that the ECB will hold interest rates steady at its upcoming meeting.