European stocks seen higher as dovish Fed boosts sentiment

Germany's DAX index is seen climbing 116 points to 13,145, France's CAC up 44 points at 5,049 and Italy's FTSE MIB up by 210 points at 20,006. In the U.K., markets are closed due to a bank holiday.

Global market players are betting supportive monetary policy measures will continue to buoy stocks despite the economic damage of the coronavirus pandemic. Last week, the Fed, which has cut interest rates to zero and open-ended asset-purchasing program to support the economy, laid out an inflation policy framework that would keep rates lower for longer.

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With the market back at a record, Wall Street's top analysts think these stocks can go even higherWe used TipRanks analyst ranking service to pinpoint Wall Street's best-performing analysts. i wonder how the markets going to react wen 30% of renters in America have ben evicted? So glad you always fail to mention the Feds pumping over one trillion to keep the markets looking good while the rest of America is hurting. Great reporting!! Am I missing the Trump bashing somewhere?
Source: CNBC - 🏆 12. / 72 Read more »