CBNBC’s live blog is covering European markets as they prepare for a positive open today due to anticipation of upcoming central bank decisions, earnings reports, and economic data this week. The Federal Reserve will announce its interest rate decision on Wednesday following last Friday’s surprising increase in U.S. Inflation rates. While it is expected that the Fed will keep borrowing costs unchanged, investors are eagerly awaiting Chair Jerome Powell’s post-announcement press conference for further insight into future policy decisions.
Meanwhile, S&P 500 futures have risen slightly overnight as stocks in Asia Pacific markets continue to climb after the Japanese yen weakened against the U.S dollar and fell below the 160 mark. In Europe, a company known for its bitcoin mining operations has shifted focus towards cloud solutions and data center infrastructure, with their cloud division now certified by Nvidia as an “Elite” partner in one of the largest providers of Nvidia-based cloud services available to European clients today. This transition has earned praise from investment bank Berenberg who predicts that this company’s stock could rise more than 50% due to investors overlooking its potential for now, CNBC Pro subscribers can access their exclusive insight in a recent article on the matter.
Lastly, Morningstar has identified one dividend-paying stock as “deeply undervalued” and highly recommended it as an investment choice with long term growth prospects; this recommendation is supported by its position among Morningstar’s top picks for next year which they announced last month – further information about the chosen company can be found via CNBC Pro subscription.
European markets are expected to open positively today, and upcoming events include earnings reports from Philips, Vivendi and BBVA alongside Germany releasing fresh inflation data on April 13th for this year’s second month.
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