European stocks head for higher open after Fed Chair Powell's comments

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

European markets are heading for a higher open Wednesday as investors digested the latest comments from U.S. Federal Reserve Chair Jerome Powell.

Speaking at an event at The Economic Club of Washington, D.C., Powell said Tuesday that inflation is beginning to ease but that he expects the "disinflationary process" to be a long one, and cautioned that interest rates could rise more than markets anticipate if the economic data doesn't cooperate.The major U.S. averages initially jumped during the remarks, before briefly falling into negative territory, and then closing higher.

Sharon Bell, European strategist at the investment bank, said the two value sectors are set to do well as economic growth remains robust. Goldman forecasts global GDP to grow slightly above 2% this year — higher than was forecast by economists just a few months ago.CNBC Pro: Wall Street pros reveal their top defense stocks — and the same names keep coming up

As geopolitical tensions return and defense spending ramps up, the sector is looking attractive, according to Wall Street pros.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Bullish 2023. Take care bears . They manipulated market , covid = bullish, recession = bullish

It’s tough to see how Powell said anything overwhelmingly positive.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stock Market New Today: Investors brace for Fed Chair Powell's speechUS stocks slip as investors brace for Fed Chair Jerome Powell's speech what time does he start his bullshit
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »