European indices open higher after a volatile week

European indices rose at the beginning of trading today, Friday, June 14th, at the end of a volatile week that provided investors with information about the future path of policy and monetary conditions.

Data on producer and consumer prices in America showed a reading lower than analysts’ expectations this week, and between the release of the two readings, the Fed decided to keep the interest rate unchanged, revising its expectations to reduce the interest rate this year to only once.

According to the CME’s Fed Watch tool, traders currently expect a 67% reduction in September.

Earlier this week, French President Emmanuel Macron called for early elections following a heavy loss in the European Parliament elections to the far right.

Turning to Asia, the Bank of Japan today left interest rates unchanged as expected, but announced that it will reduce bond purchases in the future to allow long-term interest rates to move more.