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%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »