The Quarter Comes to a Close as Stocks Grind Higher
European stocks are expected to open lower Friday as global investors grapple with a major selloff in the tech sector and what could be a significant recalibration of growth and inflation expectations for the world's biggest economies.
Britain's FTSE 100 is set to decline around 15 points, or 0.2%, at the start of trading in London, according to financial bookmakers IG, with gains limited by a surging pound.
Sterling has gained more than 2.23% against the U.S. dollar this week to 1.3021 following indications from various Bank of England rate setters that they may need to tighten policy in the face of faster inflation. Governor Mark Carney, who appeared to argue against that during the Bank's last rate setting meeting, advocated for rate increases during a speech in Portugal Wednesday.
Watch More with TheStreet:
- How Well Do You Remember the First iPhone?
- A Plate At Donald Trump's First Re-Election Fundraiser More Than You Think
- Here's What Apple May Look Like in 10 Years
- 5 of the Worst Cruise Ships According to the CDC's Sanitary Inspection List
