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European Shares Seen Up In Cautious Trade

November 18, 2022

European stocks are seen opening higher on Friday, though underlying sentiment may remain somewhat cautious on growing concerns of a recession.

The slope of the U.S. yield curve is flashing brighter recession risks following more hawkish talk from Federal Reserve officials that rates are not high enough to tame inflation.

Markets have converged on a 50-basis point rate hike at the Fed’s December 13-14 policy meeting, but fresh Fed remarks now point to a 5 percent or terminal rate in 2023.

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