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Morning Bid: Power of Powell lifts stocks ahead of US CPI

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Tentative trial dates set for four teens charged with murder | SaltWire #newsupdate #halifax #courtEuropean bourses are poised to keep the rally going ahead of the always important U.S. CPI data after comments from Fed Chair Jerome Powell reassured investors that the next move from the U.S. central bank was unlikely to be a hike.Powell called Tuesday's higher-than-expected producer price report 'mixed' rather than 'hot' because prior data was revised lower.

The pan-European STOXX 600 also closed at a record high on Tuesday and futures indicated the index was set for a higher open. Meanwhile, earnings season continues with luxury company Burberry and Dutch bank ABN Amro leading the lineup for the day.

 

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