stocks, news, data and earnings

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stocks, news, data and earnings

City of London skyline on 10th June 2024 in London, ******* Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. 

Mike Kemp | In Pictures | Getty Images

LONDON — ********* stocks moved higher on Thursday as investors digested the Federal Reserve’s latest comments on the future path of interest rates.

The pan-********* Stoxx 600 index was up 0.44% by 9:15 a.m. London time, with the majority of sectors and major bourses in the green. Retail stocks added 1.03%, while mining stocks fell by 0.55%.

Shares of Swiss Re rose 3.61% after the insurer

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a 16% rise in first half net profits to $2.09 billion. Meanwhile, Aegon shares fell 5.57% after

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a net loss of 65 million euros ($72.41 million) in the first half of this year.

It comes after the pan-********* benchmark ended the day higher on Wednesday, with the majority of sectors in positive territory as markets rebounded after snapping a winning streak on Tuesday.

Fed minutes released Wednesday showed that officials had moved closer to a long-awaited interest rate cut during their July meeting, with the vast majority of participants agreeing that a reduction was “likely” come September if the data “continued to come in as expected.”

U.S. stock futures were marginally lower Thursday morning as investors looked ahead to Fed Chair Jerome Powell’s speech at Jackson *****, Wyoming on Friday.

In Asia, markets were mixed as investors digested business activity data from Australia and Japan and awaited PMI numbers from India.

Back in Europe, the U.K. and ********* Union release purchasing managers index data on Thursday.

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#stocks #news #data #earnings

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