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LONDON – European shares fell on Monday morning, after global markets jittered over the more hawkish tone from the US Federal Reserve last week.
Last Wednesday, the Federal Reserve raised its inflation forecasts and forecast a rate hike in 2023. St. Louis Fed President Jim Bullard said Friday on CNBC’s “Squawk Box” that it’s normal for the central bank to be a bit “hawkish” He sees higher interest rates as soon as 2022.
Investors are waiting for public appearances from Federal Reserve members on Monday for any further clues about the central bank’s monetary policy outlook.
Pollard and Dallas Federal Reserve Chairman Robert Kaplan are scheduled to speak virtually at the official Financial and Monetary Institutions Forum board at 9:00 AM ET. New York (2pm London time). Federal Reserve Chairman John Williams is expected to deliver his remarks at the Midsize Bank Alliance event in America on Monday afternoon.
In terms of the movement of individual stock prices in Europe, British supermarket chain Morrisons rose more than 31% after rejecting a proposed 5.52 billion pound ($7.62 billion) purchase from private equity firm Clayton, Dobellier & Rice on the grounds that it had “significantly undervalued” The company. And its possibilities.” The rejection sparked speculation that CD&R would have to raise its bid.
At the bottom of the European index, shares of German telecommunications company Freenet fell 7.6%.
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