European stocks nudge higher after worst drubbing in three months amid second wave concerns

European stocks edged higher Tuesday after their worst one-day performance in more than three months, as the Continent faces tighter economic restrictions due to rising cases of coronavirus.The U.K. FTSE 100 UKX, +0.30%, German DAX DAX, +1.10% and French CAC 40 PX1, +0.42% each edged higher.

Federal Reserve Chairman Jerome Powell will appear with U.S. Treasury Sec. Steven Mnuchin in front of a House committee to discuss the largely unspent credit facilities, though he may address other topics. In prepared remarks, Powell said activity has picked up from its depressed second-quarter level, when much of the economy was shut down, but the path forward will “come only when people are confident that it is safe to reengage in a broad range of activities.

CommSec It's about europoors start pumping stocks! Can't just rely on JPOWs printer all year!

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Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »