European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate cut next month, while investors also focused on progress in the Ukraine peace plan. The pan-European STOXX 600 was up 0.31% to 563.83 points at close after the index logged its steepest weekly drop since late July on Friday. The upbeat momentum was led by Wall Street following dovish comments from U.S. Federal Reserve policymaker John Williams on Friday, signalling that interest rates could fall "in the near term". This bolstered the...
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to renewed dovish signals from key FOMC members. The Eurozone STOXX 50 rose 0.4% to 5,540, and the pan-European STOXX 600 gained 0.3% to 564. Technology stocks traded in the bloc closed sharply higher, following sentiment in US stocks that indicated a slight respite from last week's sell-off. Risk-sensitive sectors also benefited from Fed Chairman Waller's support for an interest rate cut next month. ASML rose 3% and Infineon jumped 3.5%, while...
US stocks rallied at the start of the holiday-shortened week, with the S&P 500 rising 1.6%, the Nasdaq surging 2.6%, and the Dow Jones Industrial Average rising more than 300 points as investors grew more confident that the Fed would soon ease policy. New York Fed President John Williams hinted at room for an interest rate cut in the near future, and Fed Governor Christopher Waller said recent labor market weakness makes a December rate cut plausible. According to CME FedWatch, futures markets currently have a roughly 79% probability of a 25-bps rate cut at the December 9-10 meeting....