LONDON—Stocks, the dollar, and crude oil firmed on Monday as investors positioned themselves for more direction on interest rates and the economy from a string of central bank meetings spilling into next week.
The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the U.S. Federal Reserve and Bank of England gathering next week.
“There is still some doubt as to whether or not inflation has peaked,” said Michael Hewson, chief markets analyst at CMC Markets.
“We are in a bit in a no-man’s land at the moment with respect to peak inflation, and also China reopening and the possible tailwinds that might bring. Oil prices are still a headwind and so it’s difficult to gain any direction,” Hewson said….
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