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European Markets Set to Open in Negative Territory After Declines on Wall Street
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European markets are set to open in negative territory after declines on Wall Street, tracking global declines overnight. The U.S. economy is expected to post a 5.2% year-on-year growth in the third quarter, while the personal consumption expenditures price index is anticipated to rise by 2.3%. The U.K. inflation data showed a more substantial than expected slowdown in November to 3.9%, which put pressure on the Bank of England to cut rates in 2024.
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How might the negative trend in European markets impact global economies?
What are the potential reasons for the declines on Wall Street?
What other factors could influence the Bank of England's decision to cut rates in 2024?
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