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European Shares Climb As Focus Shifts To Elections
European stocks advanced on Wednesday as traders reacted to dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to key elections in France and the U.K.
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FTSE 100 Rises Ahead Of Elections; Miners Outperform
U.K. stocks traded higher on Wednesday as focus shifted to the July 4 election, which could see a possible end to 14 years of Conservative government.
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CAC 40 Rallies Ahead Of Second Round Of Voting
French stocks were sharply higher on Wednesday as focus shifted to Sunday runoff election.
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DAX Gains After Powell's Comments
German stocks advanced on Wednesday as traders reacted to dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to key elections in France and the U.K.
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Asian Shares Mostly Higher On Fed Rate Cut Hopes
Asian stocks rose broadly on Wednesday as comments from Federal Reserve Chair Jerome Powell reinforced expectations that the Fed might cut interest rates this year.
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Antipodean Currencies Rise Amid Risk Appetite
Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Wednesday amid risk appetite, as investors are digesting U.S. Fed Chair Jerome Powell's speech at the ECB Forum in Portugal, where he expressed satisfaction with the progress on inflation but said he wants to see more before being confident enough to start cutting interest rates.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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more news
European Shares Set To Follow Wall Street Higher
European stocks may open higher on Wednesday as the record-breaking run on Wall Street continued, boosted by gains in Tesla and mega-cap growth stocks.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Wednesday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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Sensex Tops 80k On Fed Rate-cut Bets; Nifty Nears 24,300
Indian shares opened on a buoyant note Wednesday on growing optimism that the U.S. Federal Reserve will cut interest rates in September.
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European Economic News Preview: Eurozone Final PMI Data Due
Final composite Purchasing Managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news. At 3.15 am ET, services Purchasing Managers' survey data is due from Spain. The index is expected to fall to 56.5 in June from 56.9 in May.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as traders are digesting US Fed Chair Jerome Powell's speech at the ECB Forum in Portugal, where he expressed satisfaction with the progress on inflation but said he wants to see more before being confident enough to start cutting interest rates.
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