Europe: Earnings, trade optimism help shares ahead of Federal Reserve decision

A slew of positive corporate earnings and optimistic signs from US-China trade talks propped up European shares on Wednesday as investors braced for what would be the US Federal Reserve's first interest rate cut in more than a decade.[BENGALURU] A slew of positive corporate earnings and optimistic signs from US-China trade talks propped up European shares on Wednesday as investors braced for what would be the US Federal Reserve's first interest rate cut in more than a decade.

However, all eyes were on the Fed's policy statement, due at 1800 GMT, with money markets pricing in a roughly 80 per cent chance that the US central bank will cut rates by 25 basis points, in preference to a 50-point cut.Fed Chair Jerome Powell's news conference - and what signs it provides on future easing - may prove, however, more crucial to market moves over the next few days.

The euro zone banking index, however, gained as France's BNP Paribas rose 1.6 per cent on a strong performance in corporate and investment banking and Credit Suisse 2.4 per cent after reporting its highest quarterly earnings in four years.

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.

Europe: Stocks stable before Fed[LONDON] Europe's main stock markets steadied in early trade on Wednesday ahead of a US Federal Reserve interest rate decision, after the previous day's dramatic slump. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks waver at open[LONDON] Europe's main stock markets wavered at the start of trade on Tuesday, with London ahead but eurozone counterparts nudging into negative territory. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks inch higher on UK merger action[BENGALURU] European stocks ground out a tiny gain on Monday, as a pair of big merger reports and a weak pound sent London's FTSE 100 higher, while defensive plays dominated other major markets ahead of Wednesday's US Federal Reserve policy decision. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Stocks retreat as markets await Federal Reserve decision[NEW YORK] Wall Street stocks finished lower on Tuesday as the Federal Reserve opened a monetary policy meeting amid strong consumer data and more White House pressure to cut rates. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »