European markets are heading for a higher open on Thursday following a rebound on Wall Street that lifted global sentiment.
has room to inch up even higher thanks to rate differentials on the back of a hawkish Federal Reserve, according to Wells Fargo Securities FX strategist Brendan McKenna.
"We think a lot of these international banks will not be able to raise rates as aggressively as the markets are priced in for," he told CNBC's"Squawk Box Asia." "So it's kind of a combination of a more hawkish Fed and a less hawkish tightening cycle from these international central banks that support the dollar over the remainder of this year," he said.Goldman Sachs revised its forecasts for upcoming Federal Reserve rate decisions year.
Analysts led by chief economist Jan Hatzius said in a note that the firm expects a 75-basis-point hike in September, up from a previous forecast of 50 basis points, as well as a 50-basis-point hike in November, also revised from a previous projection of 25 basis points.The note said Fed officials"have seemed to imply that progress toward taming inflation has not been as uniform or as rapid as they would like," the note said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Elon Musk backs fossil fuels, one strategist sends a warning over EV salesSaxo Bank's Peter Garnry made his comments during an interview with 'Street Signs Europe.'
Read more »
Russia says United States is behind Europe's gas supply crisisRussia's foreign ministry said on Tuesday that the United States had fomented Europe's gas supply crisis by pushing European leaders towards the 'suicidal' step of cutting economic and energy cooperation with Moscow. Europe is facing its worst gas supply crisis ever, with energy prices soaring and German importers even discussing possible rationing in the European Union's biggest economy after Russia reduced gas flows westwards.
Read more »
BLACKPINK Announces Finalized Dates and Venues For 2022 World Tour “BORN PINK”BLACKPINK has announced the finalized dates and venues for the North American and European legs of their upcoming world tour! On September 6, YG Entertainment officially revealed the details for BLACKPINK’s 2022 tour stops for “BORN PINK,” which will take them to North America and Europe this year before heading to Asia, the Middle East,
Read more »
EUR/USD clings to mild losses near parity as ECB hawks, Fed’s Powell flex musclesEUR/USD portrays the typical pre-event anxiety as it takes rounds to 0.9990-1.000 during early Thursday morning in Europe. Also keeping pair traders o
Read more »
Asia-Pacific Markets Set for Higher Open After Wall Street's Rebound RallyInvestors will also be closely watching Federal Reserve Chair Jerome Powell’s speech Thursday.
Read more »