European stocks wrap up week on a high note; focus shifts to Fed

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Sept 13 - European stocks rounded off the week on a positive note, supported by technology, real estate and mining shares, while investors shifted their focus to the U.S. Federal Reserve ahead of a long-awaited monetary easing at its meeting next week.

France's CAC 40 , rose 0.4% after consumer prices in the region's second-largest economy rose 2.2% year-on-year in August, in line with its preliminary reading. Technology , and real estate , gave the market its biggest boost, followed by miners , that advanced 1.3%, as copper prices hit a two-week high on buying ahead of a Chinese holiday and amid stimulus hopes.

Investors are now betting on the size and extent of the rate cut by the U.S. central bank next week, with money markets seeing a nearly 40% chance for a 50-bp reduction on Sept. 18.

 

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