European stocks open higher after Fed chair signals more rate hikes possible

European shares opened higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the U.S. Federal Reserve and looked ahead to upcoming economic data later in the week.

Germany's DAX 30 rose 125 points at the open, or 0.8%, France's CAC 40 climbed 69 points, or 0.9%, and the Italian FTSE MIB gained 207 points, or 0.7%.Market participants continue to reflect on a roundup of commentary from the Kansas City Federal Reserve's annual retreat in Jackson Hole, Wyoming, last week. At the gathering, a slew of central bankers met to discuss monetary policy and how to address stubbornly high inflation in many major economies.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set to open higher after Fed chair signals more rate hikes possibleEuropean shares are set to open higher on the final trading week of August, as traders weighed the prospect of higher interest rates from the Federal Reserve.
Source: NBCDFW - 🏆 288. / 63 Read more »

Stock market today: Asian shares mostly rise after Fed chief speechAsian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares mostly rise after Fed chief speechAsian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mostly rise after Fed chief speechAsian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
Source: wjxt4 - 🏆 246. / 63 Read more »