This is a live blog from CNBC covering European markets.
European markets headed for a mixed verdict on Thursday as global investors digested the latest US inflation figures that were higher than expected.
European and U.S. stocks fell after March U.S. inflation data came in at 3.5% year-on-year, higher than the 3.4% expected by economists polled by Dow Jones and 0.3 percentage points higher than in February. .
Markets had expected the US Federal Reserve to begin lowering interest rates in June and to make further cuts by the end of the year, but the situation has changed dramatically following the announcement, and according to calculations by CME Group, traders They now expect the first rate cut to occur in September.
European investors will be watching the European Central Bank’s monetary policy decision on Thursday for any clues that the central bank could start cutting interest rates in the summer.
CNBC Pro: Citi says this ‘high-risk’ but ‘attractive’ global stock has 280% upside potential
Citi has identified digital advertising and marketing services companies as high-risk but potentially attractive investment opportunities.
Analysts at the investment bank said that while the short-term outlook remains uncertain, “there may still be much to look forward to in the medium term.”
Wall Street banks predict the “attractive” but “high-risk” stock could rise 280% over the next 12 months.
CNBC Pro subscribers can read more here.
— Ganesh Rao
CNBC Pro: Beyond the US: Investment analysts name the markets and stocks they’re betting on right now
Attractive returns and breadth of opportunity are among the many reasons why the United States has historically held the top spot among investors.
While the global superpower still has “some areas that look good” in terms of value, Stephen Glass, investment analyst at Pella Funds Management, is looking at opportunities elsewhere. There is.
“There are still areas where it could be valuable, but generally outside the U.S.,” said Glass, a managing director at an investment firm, naming the markets and stocks he is currently betting on.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
European Market: Click here for opening call
European markets are set to open in mixed territory on Thursday.
According to IG data, the UK’s FTSE 100 index is expected to open 10 points higher at 7,957, Germany’s DAX falls three points to 18,090, France’s CAC rises one point to 8,043 and Italy’s FTSE MIB. is expected to fall 27 points to 33,355.
Investors are keeping an eye on the latest monetary policy decisions from the European Central Bank on Thursday, with earnings expected from Givaudan.
— Holly Ellyatt
