(Joice Alves)
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U.S. HOLIDAY MAY GIVE EUROPEAN SHARES A BREAK (0745 GMT)
European futures point for positive start to the day for indices across the region,
mirroring gains Asian shares as a U.S. holiday makes for slow trading. after the STOXX 600 slid
to an almost one-week low on Friday as traders ramped up bets that Fed rates will be higher for
longer.
A slew of data out of the world's largest economy in recent weeks pointing to a still-tight
labour market, sticky inflation, robust retail sales and higher producer prices, has raised
expectations that the U.S. central bank has more to do in taming inflation, and that interest
rates will have to keep rising for longer.
Investors will focus this week on minutes of the latest Fed meeting and a reading on U.S.
core inflation that could add to the risk of interest rates heading higher for longer.
In the euro zone, consumer confidence data is due at 1500 GMT.
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