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European stocks seen slightly higher as investors await Powell testimony

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European stocks are seen slightly higher Wednesday as investors await a testimony from U.S. Federal Reserve Chairman Jerome Powell in the hope for hints on imminent interest rate cuts from the central bank.

European Markets: FTSE, GDAXI, FCHI, IBEX

Stocks in Asia were mostly higher Wednesday afternoon, MSCI's broadest index of Asia-Pacific shares outside Japan climbing 0.4%, while Japanese stocks slipped slightly in afternoon trade.

 

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