Market volatility persists as European stocks fluctuate.
European markets are expected to open lower as investors remain anxious about the economic outlook. Meanwhile, Asia-Pacific markets mostly fell, with Japan's markets still hovering near 33-year highs. The University of Michigan Survey of Consumers showed that one-year inflation expectations fell to 3.3%, the lowest level since March 2021, providing support for the Federal Reserve in its battle against rising prices. Morgan Stanley expects five of its top Asia stock picks to rise by more than 50% over the next 12 months. China's loan prime rate decision on Tuesday will be closely watched by investors.