Europe: Earnings, trade optimism help shares ahead of Federal Reserve decision

A slew of positive corporate earnings and optimistic signs from US-China trade talks propped up European shares on Wednesday as investors braced for what would be the US Federal Reserve's first interest rate cut in more than a decade.[BENGALURU] A slew of positive corporate earnings and optimistic signs from US-China trade talks propped up European shares on Wednesday as investors braced for what would be the US Federal Reserve's first interest rate cut in more than a decade.

However, all eyes were on the Fed's policy statement, due at 1800 GMT, with money markets pricing in a roughly 80 per cent chance that the US central bank will cut rates by 25 basis points, in preference to a 50-point cut.Fed Chair Jerome Powell's news conference - and what signs it provides on future easing - may prove, however, more crucial to market moves over the next few days.

The euro zone banking index, however, gained as France's BNP Paribas rose 1.6 per cent on a strong performance in corporate and investment banking and Credit Suisse 2.4 per cent after reporting its highest quarterly earnings in four years.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Europe: Stocks stable before Fed[LONDON] Europe's main stock markets steadied in early trade on Wednesday ahead of a US Federal Reserve interest rate decision, after the previous day's dramatic slump. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

Europe: Stocks waver at open[LONDON] Europe's main stock markets wavered at the start of trade on Tuesday, with London ahead but eurozone counterparts nudging into negative territory. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

Europe: Stocks inch higher on UK merger action[BENGALURU] European stocks ground out a tiny gain on Monday, as a pair of big merger reports and a weak pound sent London's FTSE 100 higher, while defensive plays dominated other major markets ahead of Wednesday's US Federal Reserve policy decision. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

US: Stocks retreat as markets await Federal Reserve decision[NEW YORK] Wall Street stocks finished lower on Tuesday as the Federal Reserve opened a monetary policy meeting amid strong consumer data and more White House pressure to cut rates. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »