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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
June 5, 2025 DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
View all Reports
Economy 4 MIN READ

Europe signals quiet start

May 8, 2023By Reuters
Related Articles
Philippines central bank to hike by 50 bps on Thursday August 16, 2022 EMERGING MARKETS-Indonesian rupiah, S.Korean won lead muted gains in Asian FX December 22, 2021 US STOCKS-Wall Street stumbles as surging Treasury yields slam growth stocks April 12, 2022

European shares looked set to open broadly unchanged on Monday, in a quiet start to the week also due to a holiday closure of UK markets, just as debt ceiling talks in the US remain at a stalemate.

EuroSTOXX50 and DAX futures were both trading around parity. US contracts  pointed to a muted start on Wall Street, following Friday’s gains that saw the S&P 500 gain 1.9%, as US regional banks rallied and Apple soared following strong results.

US Treasury Secretary Janet Yellen warned on Sunday that a failure by Congress to act on the debt ceiling could trigger a “constitutional crisis” and call into question the federal government’s creditworthiness.

Among data to watch is the US CPI on Wednesday. Any big surprise to the upside could put in question bets the Fed could even start cutting rates as soon as July. Eyes also on the Fed’s bank lending survey for Q1 due after the European market close.

On the European corporate news front it was rather quiet too. Postal group PostNL and pharmaceutical firm Almirall could move after both beat quarterly profit expectations.

(Danilo Masoni)

This article originally appeared on reuters.com

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