LONDON — European stocks are set to pull back on Friday, following global momentum as a fresh round of hawkish comments from Federal Reserve officials resurfaced expectations for imminent policy tightening.

Britain’s FTSE 100At 7,536, Germany, the figure is around 28 points lower DAXFrance will see an expected drop in points of around 92 to 15,940. CAC 40According to IG data, it is expected to drop by 42 points to 7,159

Several Federal Reserve policymakers on ThursdayThey indicated that they might be ready to raise U.S. rates starting in March. inflation now running at 7%. In December, the rate climbed at the fastest pace for 12 months in almost 40 years.

Expectations for higher rates — which make future cash flows look less attractive — have led to a choppy start to 2022 for global markets.

Wall Street Earnings Friday is a huge day JPMorgan, Citigroup, BlackRockAnd Wells FargoAll reporting quarter-end results.

Investors will also be keeping an eye out for the geopolitical situations surrounding Ukraine. This is after Russia has rejected any talks between NATO members. U.S. Diplomat Michael Carpenter stated that “the drumbeats of war are sounding loud, and the rhetoric’s gotten quite shrill.”

German Software Group is featured in corporate news SAPFrench state-owned utility RENFE reported Thursday a 28% rise in fourth-quarter revenues for cloud computing. EDFIn order to lower electricity price increases, the government ordered that it sells more of its nuclear power at a cheaper rate to smaller counterparts.

Data-wise, Germany released its preliminary full year GDP growth figures Friday morning. Meanwhile, consumer price inflation data for Spain and France are due.

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