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European stocks seen higher on hopes for a Fed rate cut

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European stocks are set to open higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month.

New York Fed President John Williams says the Fed should "act quickly" while the economy is slowing and rates are low.

U.S. and Chinese officials discuss trade over the phone; Treasury Secretary Steven Mnuchin suggests face-to-face talks could follow.will cut interest rates this month.Britain's FTSE 100 was seen 31 points higher at 7,524, Germany's DAX up by 75 points at 12,310, and France's CAC climbing 31 points at 5,584, according to IG index data.

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so how does that help their markets?

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Asia stocks set to trade mixed as hopes rise for more easing from the FedStocks in Asia Pacific were set to trade mixed on Friday, following overnight comments from a U.S. Federal Reserve official that led to rising expectations the central bank could ease monetary policy more than expected.
Source: CNBC - 🏆 12. / 72 Read more »