EUROPE Anxious wait for US inflation [Reuters]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
Fretfulness and fatigue ahead of U.S. inflation numbers have benumbed markets this week, not to mention holidays in several parts of Asia. Europe could be steeling for some volatility as investors brace for that data, following Wall Street's lacklustre performance the previous day. U.S. stocks closed in the green on Tuesday but only barely, despite the biggest one-day fall in Treasury yields in over a month, and a notable slide in oil prices. The highlight in Asia was ratings agency Fitch's announcement it has revised its outlook on China's sovereign credit rating to negative, citing risks to public finances as the economy faced increasing uncertainty in its shift to new growth models. China's markets barely flinched. U.S. consumer price inflation for March due later follows a strong jobs report last Friday that blew past forecasts, raising questions on how soon and how much the Federal Reserve will cut rates this year. Futures traders reduced bets to the lowest level since
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