Sept 13 - European stocks rounded off the week on a positive note, supported by technology, real estate and mining shares, while investors shifted their focus to the U.S. Federal Reserve ahead of a long-awaited monetary easing at its meeting next week.
France's CAC 40 , rose 0.4% after consumer prices in the region's second-largest economy rose 2.2% year-on-year in August, in line with its preliminary reading. Technology , and real estate , gave the market its biggest boost, followed by miners , that advanced 1.3%, as copper prices hit a two-week high on buying ahead of a Chinese holiday and amid stimulus hopes.
Investors are now betting on the size and extent of the rate cut by the U.S. central bank next week, with money markets seeing a nearly 40% chance for a 50-bp reduction on Sept. 18.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Target jumps on earnings beat, Fed minutes in focus: Yahoo FinanceTarget shares are soaring after posting second quarter results that topped analyst estimates on both the top and bottom lines, reporting diluted earnings of ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street climbs ahead of speech by Fed chief PowellNEW YORK (AP) — Stocks are climbing on Wall Street, but the market’s focus is thousands of miles to the west, where the head of the Federal Reserve is about to give a highly anticipated speech about interest rates. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: US futures rise with jumbo Fed cuts back on the tableThe stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up overnight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US futures climb in wait for Fed-favored PCE inflation printThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »