The US Federal Reserve will be first in the list of decisions to come, with the conclusion of its two-day meeting on Wednesday.
The U.S. central bank is generally expected to suspend the tightening cycle throughout the year as officials assess the impact of rising interest rates to the highest level in 16 years, but with the release of data on inflation on Tuesday, there could be some surprises.
Market expectations on the CME FedWatch Index point to a 78.2% chance that the next move will be to set interest rates, but given expectations for the next meeting, markets see a 54% chance that the Fed coming back to raise interest by 25% points, against a 33.6% probability, said it would prove it again.
Over the past week, the Reserve Bank of Australia and the Bank of Canada have surprised markets by raising interest rates.
Elsewhere, there is more certainty in the decisions of other central banks, with the European Central Bank signaling another rate hike on Thursday, while the Bank of Japan is expected to stick to its accommodative monetary policy at the end of the week.
price movements
The pan-European Stoxx 600 index was up 0.51% at 8:42 GMT.
In corporate news, UBS rose 1.18%, after the bank announced on Monday that it had officially completed the acquisition of rival Credit Suisse, creating a giant Swiss bank with a balance sheet of 1.6. billion dollars and greater strength in wealth management.
Novartis shares rose 1.1% after the company announced it had agreed to acquire Seattle-based Chinook Biotechnology in a deal worth up to $3.5 billion.
Novo Nordisk rose 1.37% after the Danish pharmaceutical company announced plans to invest more than $2 billion to expand a production facility in Denmark.
BioNTech is also in the spotlight as it is set to face a lawsuit in Germany where a woman alleges harmful side effects from the company’s Covid-19 vaccine, a lawsuit that could have wide-ranging repercussions, with a headline in down 0.34%. .
The European health sector index rose 0.6%.
German sportswear maker Adidas jumped 3.1%.
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