Financial Digest

European stocks seen cautious as Fed hints slightly offset trade fears

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

European stocks were seen cautiously higher Wednesday after comments from U.S. Federal Reserve officials signaled openness to further rate cuts, after a punishing session for global markets as hopes of a resolution to the U.S.-China trade war faded.

Markets worldwide suffered on Tuesday as the U.S. imposed visa restrictions on Chinese officials in response to the detention or abuse of Muslim minorities, having already blacklisted 28 Chinese companies over their alleged involvement in the treatment of ethnic Uighurs in Xinjiang province, angering Beijing.

Tensions are also heightened due to a stand-off between Beijing and the U.S. National Basketball Association following a tweet from Houston Rockets general manager Daryl Morey supporting pro-democracy protests in Hong Kong.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs says traders think Trump's tweets really do affect Fed policyMarkets think Trump 'affects Fed policy indirectly by influencing the macroeconomic outlook,' Goldman said. Evidence his tweets 'affect market expectations...
Source: BusinessInsider - 🏆 729. / 51 Read more »