European stock futures are trading higher, pointing to an opening of the session on the right foot, after yesterday’s correction of the “old continent” indexes.
At this time, the futures of the Stoxx 50 – index that groups the 50 largest quotations in the region – gain 0.6%, while the futures of the American S&P 500 remain without a defined trend.
During the early morning hours in Lisbon, the Asian session was also without a defined trend, oscillating between gains in Japan (0.3%) and losses in South Korea (-0.6%), China (-0.3%) and Hong Kong (-0.7%).
Investors are assimilating the minutes released yesterday by the US Federal Reserve on the latest monetary policy meeting, which showed that there are several central bank decision makers who are willing to slow the pace of monetary support as soon as possible if the economy continues to recover with the current agility.
Thus, with a tightening of monetary policy, inflation can be expected to start slowing to near 2% again, after in April it recorded its highest year-on-year rise in 13 years, above 4%.
But for now, the bank led by Jerome Powell does not show concern about this indicator. Cryptocurrencies continue in free fall and bitcoin, the most valuable, recorded a 30% drop on the day yesterday.
