A look at the day ahead in European and global markets from Tom Westbrook
The Fed is at loggerheads with markets betting on rate cuts by the end of the year, and Asia's bullishness about a recovery in China is increasingly at odds with global sentiment.hit a four-month high on Friday, while Wall Street indexes test recent lows. The dollar is refusing to fall.
European inflation data on Friday can set the stage for U.S. jobs data due later in the day as the figures can offer the latest state-of-play for consumer prices and the economy. A bigger-than-expected drop in the speed of German consumer price rises unleashed a bond rally across Europe earlier this week. But only small declines are forecast.
The U.S. economy likely maintained a solid pace of job and wage growth in December, and that could again stymie bets that an end to rate rises is coming anytime soon.- Fed's Cook, Bostic, Barkin and George all speak
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