Test- FTSE 100 Kicks Off August on a High as BP and Senior Lead Market Momentum
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10 Oct 2025, 13:13
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Before the publication of crucial regional services activity data on Wednesday, investors are worried over more signs of China's failing economic recovery, thus European stock markets are anticipated to begin with modest losses.
Investor focus will be on the publication of the eurozone's final composite and services PMIs for June, which are anticipated to show a slowing in the recovery of the economy, which has been driven by consumer spending.
This comes after gloomy figures on industrial activity were released, with surveys indicating that factory output declined last month in all four of the region's largest economies.
Investors are also concerned that China's restriction on the shipment of essential chip manufacturing components to the U.S. might lead to an escalation of a trade dispute between the two biggest economies in the world.
Furthermore, inflationary pressures at the factory gate are predicted to have decreased in the eurozone's producer prices for the month of May. Investors will also be closely examining the minutes of the Federal Reserve's June meeting.
This meeting caused the tightening to stall while adding two more rate rises to the forecast.
The news earlier this week of additional production cutbacks from a number of major producers was overshadowed by the decline in oil prices on Wednesday as concerns over a potential global economic downturn weighed on the market mood.
The primary focus on Wednesday will be on the release of the Fed minutes, which may provide more insights into the perspective of the US central bank, as well as industry data on US crude and product inventories from the American Petroleum Institute, which will be released a day later than normal.
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(Sources: investing.com, reuters.com)
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