European markets set to climb, capping volatile week as investors assess recession prospects

European markets set to climb, capping volatile week as investors assess recession prospects

- Central banks last week made aggressive moves to rein in inflation, and investors are now hopeful that rising consumer prices will be brought under control as commodities prices pulled back sharply. - However, this aggressive policy tightening path has stoked fears of a recession, which U.S. Federal Reserve Chairman Jerome Powell told Congress on Wednesday was a "possibility" as he reiterated that the central bank is "strongly committed" to bringing down inflation. LONDON — European markets are set for a higher open on Friday to end a volatile week, as investors around the world assess inflation and fears of an economic recession. Britain's FTSE 100 is seen around 57 points higher at 7,077, Germany's DAX is set to gain around 139 points to 13,052 and France's CAC 40 is …
More on: www.cnbc.com