Financial Digest

European stock markets edge higher ahead of pause in US rate hikes

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Wall Street equities declined after Federal Reserve decision to keep interest rates unchanged

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Industrial metal miners continued their recent rally, gaining 2.8 per cent as copper prices rose on a softer dollar and expectations of further stimulus to boost growth in top consumer China. Aston Martin advanced 7.1 per cent after analysts at Jefferies upgraded the luxury carmaker’s rating to “hold” from “underperform”. Games Workshop jumped 5.9 per cent after the miniature war game maker forecast higher full-year earnings.Banks, which tend to benefit from higher rates, rose 1.1 per cent. Italy and Spain’s lender-heavy indexes rose 0.9 per cent and 1.1 per cent respectively, to spearhead gains among major regional peers.

 

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