Progress of European Stock Markets

European stocks rose on Tuesday, with investors eagerly awaiting the final set of economic data ahead of the Federal Reserve's interest rate decision on Wednesday. Retail and banking stocks led the gains on Europe's STOXX 600 index.

Retail Sales Data:

• Investors are focused on the U.S. retail sales data, which could influence the size of the Fed's upcoming interest rate cut.

• The market is divided on whether the Fed will cut rates by 25 basis points or 50 basis points.

U.S. Markets and Yields:

• The U.S. dollar stabilized after four days of decline.

• Treasury yields fell, causing caution among investors.

Asian Markets:

• Japan's Nikkei 225 index declined.

• Markets in China, Taiwan, and South Korea were closed due to public holidays.

• The Japanese yen reached its strongest point since July 2023.

Gold and Oil Prices:

• Gold prices remained stable as investors sought to benefit from a weaker dollar and lower Treasury yields following the Fed's decision.

• Oil prices saw a slight increase.

Key Events:

Key events this week include:

• Germany's ZEW survey

• U.S. retail sales

• Eurozone CPI (Consumer Price Index)

• Fed's interest rate decision

• UK interest rate decision

• Japan's interest rate decision

Investors' attention is focused on Wednesday's Federal Reserve decision, which could significantly impact global financial markets. Additionally, other key economic events this week may bring further volatility to the markets.