European stocks rise, led by Renault, as markets anticipate a Federal Reserve rate cut.
European stocks showed slight gains on Wednesday, boosted by a 6% rise in Renault's shares following reports of potential merger talks between Honda and Nissan. The STOXX 600 index edged up slightly, as did the UK's FTSE 100. Investors await the Federal Reserve's expected 25-basis point rate cut and updates on future interest rates. The U.S. Treasury yields hit multi-week highs, affecting global stocks. European markets also saw gains in other companies like ASSA ABLOY and Kontron AG.
3 months ago
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