India, Sept. 2 -- European stocks look set to extend losses from the previous session on Wednesday as inflation worries returned to the fore following fresh strikes between the U.S. and Iran.
With Eurozone inflation reaching a near three-year high in August and unlikely to return to target over the medium term, a 25-basis point ECB rate hike on September 10 looks almost certain.
Federal Reserve Governor Michael Barr said in a speech on Tuesday that he would back a rate hike if inflation doesn't cool quickly.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....