City of London skyline on June 10, 2024 in London, England. The City of London is a city, ceremonial shire and local government area containing London’s main central business district (CBD).
Mike Camp | In Pictures | Getty Images
LONDON – European stocks were higher on Thursday as investors digested the Federal Reserve’s latest comments on the future path of interest rates.
Pan-European Stoke 600 The index was up 0.50% as of 10:52 a.m. London time, with all major exchanges and most sectors in the green. Retail sales rose 1.26% and mining stocks fell 0.56%.
shares Swiss Re Following insurance stocks, it rose 3.11% report Net profit in the first half of the year increased by 16% to US$2.09 billion. at the same time, Aegon The stock price fell 5.71% after hours Report Net loss in the first half of this year was 65 million euros ($72.41 million).
This comes after the pan-European benchmark index closed higher on Wednesday, with most sectors in positive territory as the market rebounded after ending its winning streak on Tuesday.
Fed meeting minutes Published on Wednesday It showed officials were one step closer to a long-awaited rate cut at their July meeting, with an overwhelming majority of attendees agreeing that a rate cut in September was “likely” if data “continues to be released as expected.”
US stock futures The stock was slightly lower on Thursday morning as investors looked ahead to Friday’s speech by Federal Reserve Chairman Jerome Powell in Jackson Hole, Wyoming.
in AsiaMarkets were mixed as investors digested business activity data from Australia and Japan and awaited PMI data from India.
Back in Europe, the UK and EU will release PMI data on Thursday.
