European stocks edged higher; caution over Middle East turmoil

Investing.com - European stock markets edged cautiously higher Wednesday, with investors wary about the possibility of a wider war in the Middle East while awaiting fresh regional employment data.

Citigroup said, in a note released on Tuesday, that it now expects the ECB to cut interest rates by 25 basis points in its Oct. 17 meeting, and expects subsequent cuts in December and through the start of 2025 to take the policy rate to 1.5% by September 2025.) stock fell 3% despite the British sportswear retailer beating the consensus forecast for first-half profit and saying it was on track to meet annual guidance.

U.S. crude inventories fell by about 1.46 million barrels for the week ended Sept. 27, compared with expectations of a decline of about 2.1M barrels, according to data from theRisk 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.

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