European stocks higher; Powell's comments, politics in spotlight

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European stocks higher; Powell's comments, politics in spotlight

Investing.com - European stock markets rose Wednesday, as investors digested comments from U.S. Federal Reserve Chair Jerome Powell amid a volatile political situation.flagged progress towards bringing down inflation, raising hopes the U.S. central bank could start cutting interest rates in the near future.

Sunday sees the crucial legislative run-off vote in France. The far-right National Rally won the popular vote last weekend, but it remains unclear whether it will govern France given the potential for political dealmaking by its rivals over the coming days. Such a result could see a return to stability after heavy political turbulence during the Conservatives' 14-year rule, and could also result in the rebuilding of trade links with Europe.) stock fell slightly Wednesday after the U.K. drugmaker bought from CureVac the full rights to develop and manufacture vaccine candidates for influenza and COVID-19 that use messenger RNA technology for slightly more than $1 billion).

Gasoline demand in the U.S., the world's biggest oil consumer, is expected to ramp up with the Independence Day holiday this week.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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