European stocks look set to follow the cautiously optimistic tone set in Asia overnight, where markets broadly eked out modest gains, led by a 1.05% climb for Hong Kong'sFollowing its two-day monetary policy meeting, the Federal Open Markets Committee also vowed to maintain its bond purchases and the array of lending and liquidity programs aimed at shoring up the economy amid the coronavirus fallout. The central bank warned that although activity had picked up from its trough, the U.S.
Some market focus also remains attuned to the state of the pandemic, with Brazil reporting a daily record 69,000 new cases on Wednesday, while deaths from the virus in the U.S. have risen for three consecutive weeks and fresh spikes have been seen parts of China, Australia and mainland Spain.
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