European markets close higher as Fed minutes point to September cut
Publishing timestamp: 2024-08-22 12:05:05
Summary
European stocks closed higher as investors reacted to Federal Reserve's comments on interest rates. Swiss Re shares rose after reporting higher profits, while Aegon shares fell due to net loss. British pound reached a 13-month high before slipping, and euro zone PMI data showed potential for a September rate cut from ECB. Fed minutes indicated a likely interest rate cut in September. U.S. stocks were steady ahead of Fed Chair Powell's speech, while Asian markets were mixed.
Sentiment: MIXED
Keywords: world markets, prices, london, business news, economic events, breaking news: markets, aegon ltd, swiss re ag, jerome powell, markets,
Source: https://www.cnbc.com/2024/08/22/european-markets-stocks-news-data-and-earnings.html