News Formal

European stocks rally from lowest point in more than a year

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

European stocks rally from lowest point in more than a year via IrishTimesBiz

US stock indexes were ahead in early afternoon trading as investors mulled comments from the head of the US Federal Reserve. Photograph: Getty ImagesEuropean stocks rallied off session lows on Wednesday after US Federal Reserve chair Jerome Powell told a US Senate committee that the country’s central bank is “strongly committed” to bringing down inflation.The pan-European STOXX 600 closed down 0.7 per cent, after having fallen earlier in the session 1.8 per cent to its lowest since January 2021.

Concerns over these pressures in the production sector weighed on commodity stocks, pulling Glencore, Antofagasta and the oil majors lower. Meanwhile, Natwest climbed 3 per cent after the UK government confirmed it extended its plan to sell off more of its stake in the banking firm by a year.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

European stocks gain but investor jitters continueRyanair dives 4 per cent after warning of further disruption due to staff shortages via IrishTimesBiz Good bye to fly by night joker oleary hopefully. I would never book with Ryanair ever again.
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »