Marketmind: Markets regain footing with focus back on Fed
With markets having mostly recovered their composure after the shocking recent developments in the Middle East, some dovishly construed remarks by Federal Reserve officials helped to settle investors' nerves as they headed into Tuesday.
European stocks had come under pressure on Monday as news emerged about the conflict in the Middle East but the Euro zone blue chip STOXX 50 futures were up again in the Asian morning. Markets will have plenty more chances to hear from Fed officials, who will be out in full force at events on Tuesday while minutes of their September monetary policy meeting will be published on Wednesday. Then all eyes turn to U.S. CPI data on Thursday.
European Central Bank President Christine Lagarde makes her appearance at the meetings on Tuesday, speaking after economic data the previous day added fuel to fears of a potential recession in Germany, the euro zone's largest economy.
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