A look at the day ahead in European and global markets from Anshuman Daga
this month, the first gain in January after three years, has got investors all excited after a dismal 2022.
Asian equities fell 1% on Tuesday and the dollar was eyeing a fourth monthly loss as investors reckon a peak in U.S. interest rates could swing into view as soon as this week's Federal Reserve meeting. The ECB is all but certain to raise rates by half a percentage point on Thursday but fresh inflation data is still crucial for the central bank's policy guidance for subsequent meetings.
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