Lackluster open expected for European markets ahead of ECB rate decision [CNBC]
ADMIRAL GRP PLC UNSP/ADR (AMIGY)
NASDAQ:AMEX Investor Relations:
admiralgroup.co.uk/node/5.html
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Source: CNBC
The central bank is convening amid falling inflation and a slight recovery in economic activity but it is expected to hold rates at a record 4%. Market expectations are that a rate cut will come in June. Elsewhere, Asia stocks rose overnight after comments from U.S. Federal Reserve Chair Jerome Powell on Wednesday. He reiterated his stance that while the central bank could start cutting rates, it was “not immediately ready.” U.S. stock futures inched down Thursday after the major averages posted their first winning session in three days. India's economic prospects are shining bright, attracting global investors eager to capitalize on the country's immense growth potential. The International Monetary Fund expects India's real gross domestic product (GDP) to expand by 6.5% in 2024. However, tapping into these opportunities as a foreign investor is not as straightforward as buying shares listed on the Indian stock exchanges. Limits on foreign ownership, complex tax implication
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