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stocks, news, data and earnings

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LONDON — ********* stocks opened cautiously higher Tuesday, with market uncertainty lingering over the

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for interest rate cuts.

The pan-********* Stoxx 600 index was up 0.07% in early deals, with sectors and major bourses trading in mixed territory. Tech stocks added 0.58%, while oil and gas fell 0.59%.

Shares of Danish biotech company Zealand Pharma rose 4%, recovering losses from the previous session after CEO Adam Steensberg 

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 Reuters last week that the company was looking for a big pharma partner to help bring its weight loss ***** to market.

Global markets will be focused on key Federal Reserve events this week. Minutes from the central bank’s most recent meeting will be released Wednesday, before Fed Chair Jerome Powell’s Jackson *****, Wyoming, speech on Friday.

Both events could give investors more clarity on the

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for interest rate cuts and what to expect at the Fed’s next meeting. Fed futures funds pricing indicates a roughly 76% likelihood of central bank policymakers lowering rates by 25 basis points in September, per the 

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.

Asia-Pacific markets were mostly up on Tuesday, tracking the Wall Street rally Monday, while investors also assessed minutes of the Reserve Bank of Australia’s latest meeting. U.S. stock futures were flat last night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. 

Stock picks and investing trends from CNBC Pro:

Data releases in Europe Tuesday include Germany’s producer price index, the latest monetary policy decision from Sweden’s central bank and the EU’s final year-on-year inflation rate.

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#stocks #news #data #earnings

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