{"id":120323,"date":"2021-08-24T06:56:18","date_gmt":"2021-08-24T06:56:18","guid":{"rendered":"https:\/\/fin2me.com\/?p=120323"},"modified":"2021-08-24T06:56:18","modified_gmt":"2021-08-24T06:56:18","slug":"european-markets-set-to-inch-higher-on-pfizer-vaccine-approval-and-easing-taper-worries","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/european-markets-set-to-inch-higher-on-pfizer-vaccine-approval-and-easing-taper-worries\/","title":{"rendered":"European markets set to inch higher on Pfizer vaccine approval and easing taper worries"},"content":{"rendered":"<ul>\n<li>Focus for global investors this week remains on the Fed&#x27;s Jackson Hole symposium, which takes place virtually on Thursday.<\/li>\n<li>Investors continue to keep one eye on the unfolding situation in Afghanistan.<\/li>\n<\/ul>\n<p>LONDON \u2014 European stocks are set for a slightly higher open on Tuesday as investors take heart from the U.S. Food and Drug Administration&#x27;s full approval of the Pfizer\/BioNTech vaccine and calming worries about imminent tapering from the Federal Reserve.<\/p>\n<p>Britain&#x27;s FTSE 100 is seen around 15 points higher at 7,124, Germany&#x27;s DAX is set to climb around 37 points to 15,890 and France&#x27;s CAC 40 is expected to add around 22 points to 6,705, according to IG.<\/p>\n<p>Shares in Asia-Pacific rose in Tuesday&#x27;s trade, following suit from the U.S. on Monday as the tech-heavy Nasdaq Composite jumped to a record close on the back of the FDA&#x27;s vaccine approval.<\/p>\n<p>Focus for global investors this week remains on the Fed&#x27;s Jackson Hole symposium, which takes place virtually on Thursday, where policymakers could detail their plans for tapering the central bank&#x27;s $120 billion a month bond buying program. Fed Chairman Jerome Powell will deliver a speech on Friday.<\/p>\n<p>On the data front, German second-quarter GDP growth figures will be published on Tuesday morning.<\/p>\n<p>Investors continue to keep one eye on the situation in Afghanistan. Reuters reported that G-7 (Group of Seven) leaders are expected the seek a unified decision on Tuesday as to whether or not to recognize the Taliban&#x27;s leadership, and whether to impose sanctions on the organization.<\/p>\n<h2>Stock picks and investing trends from CNBC Pro:<\/h2>\n<p>Morgan Stanley says these global stocks are &#x27;high conviction ideas to own&#x27;<\/p>\n<p>Goldman Sachs has upgraded multiple stocks to &#x27;buy&#x27; \u2014 here are 10<\/p>\n<p>Tom Lee says Fed taper jitters are &#x27;buying opportunities&#x27; for long-term investors<\/p>\n<p>In corporate news, Morrisons shareholder Legal &amp; General said Monday that a new agreed $9.54 billion takeover bid for the British supermarket chain from private equity group CD&amp;R is a more accurate reflection of its true value.<\/p>\n<p>Rival Sainsbury&#x27;s is also the source of speculation, with the company&#x27;s stock soaring Monday following a report that private equity firms could launch offers of more than $9.6 billion.<\/p>\n<p><em>Subscribe <\/em><em>to CNBC PRO<\/em><em> for exclusive insights and analysis, and live business day programming from around the world.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/08\/24\/european-markets-tracking-global-sentiment-as-taper-worries-ease.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Focus for global investors this week remains on the Fed&#x27;s Jackson Hole symposium, which takes place virtually on Thursday. Investors continue to keep one eye [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":120322,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European markets set to inch higher on Pfizer vaccine approval and easing taper worries - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/european-markets-set-to-inch-higher-on-pfizer-vaccine-approval-and-easing-taper-worries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European markets set to inch higher on Pfizer vaccine approval and easing taper worries - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Focus for global investors this week remains on the Fed&#x27;s Jackson Hole symposium, which takes place virtually on Thursday. 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