Investing.com - European stock markets traded in a subdued fashion Wednesday, as investors awaited comments from Fed Chair Jerome Powell while digesting more quarterly corporate earnings.However, Fed commentary this week has tended to warn against complacency in the fight against inflation. Investors will be looking to Powell for a more concrete steer on where U.S. rates are heading.for September are due later in the session, and are expected to have dropped 0.
The ECB broke a streak of ten straight rate hikes last month, fueling market expectations that its next move will be a cut as the eurozone potentially heads towards a recession by the year’s end. That said, the International Monetary Fund said earlier Wednesday that the ECB should hold its key deposit rate close to its record high 4% level through all of next year to extinguish price pressures.) stock rose 0.5% after France's second-largest listed bank posted better-than-expected quarterly results, driven by a strong performance of its investment bank and retail activities.
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