EUROPEAN FUTURES HEAD FOR A NEUTRAL START(0728 GMT)
European futures are hovering either side of unchanged, as inflation jitters stay in focus
while worries about banks remain subdued. Those on the STOXX 50 are down 0.2%, while
FTSE futures and DAX futures are teetering around flat. The same goes for U.S.
futures.
In a shock move, New Zealand's central bank unexpectedly raised interest rates by 50 basis
points to a more than 14-year peak of 5.25% on Wednesday.
Meanwhile, the market will be watching closely as UBS seeks to reassure shareholders
that its unexpected takeover of rival Credit Suisse can work.
In company news, the world's biggest chocolate maker Barry Callebaut has appointed a new chief executive and reported a decline in first half sales volumes. French catering and food services group Sodexo has plans to spin-off and list its Benefits & Rewards Services (BRS) business during 2024.
(Lucy Raitano)
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(Lucy Raitano)
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