European stocks set to rise after US Federal Reserve's 50-basis-point interest rate cut.
European stocks are set to open positively, driven by the U.S. Federal Reserve's recent 50-basis-point interest rate cut—the first in four years. The UK’s FTSE, Germany’s DAX, France’s CAC 40, and Italy’s FTSE MIB are all expected to rise. Global markets continue to respond favorably, with Dow futures stable after reaching a record closing level. This week, preliminary purchasing managers' index data from France, Germany, and the UK will be closely monitored.
September 23, 2024
68 Articles