European stocks set for modest rise as Fed rate cut expectations grow

  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

European stocks are seen opening cautiously higher Thursday after weaker-than-expected U.S. economic data gave investors cause to anticipate that the Federal Reserve will cut interest rates.

both closed Wednesday's session at all-time highs after U.S. private payrolls data fell significantly short of expectations, strengthening the Fed's case for lowering rates at its monetary policy meeting at the end of July. Markets stateside are closed Thursday for the Fourth of July holiday.

In trade war news, White House economic adviser Larry Kudlow told reporters on Wednesday that face-to-face trade talks between the U.S. and China will continue in the coming week.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Should the Fed stop charging interest on reserves?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines