European stock markets should open slightly negative at a time when investors’ fears about the advance of covid-19 in several regions of the globe, as well as inflationary pressures, are increasing.
The technology sector is the most penalized by this scenario, so yesterday it was the technologies that put downward pressure on the US indices, setting the tone for the negative trend in the pre-opening of the European markets, although the futures on the Euro Stoxx 50 are trading at the waterline. Futures on the S&P500 are down 0.2%.
US Federal Reserve Chairman Jerome Powell said on Monday that the economic outlook has improved but is moving more slowly for lower-income earners, signaling the need for continued support from monetary policymakers.
The Covid-19 pandemic has had damaging effects on workers, especially women, from minorities, Powell said, citing results of a Fed survey to be released later this month
