The Fed kept rates steady at 4.25%-4.50%, signalling caution amid strong US growth and elevated inflation. Meanwhile, the ECB faces pressure to cut rates further as the eurozone economy weakens. The euro fell to 1.
By Nikhil Sharma and Johann M Cherian (Reuters) -European shares closed at a record high on Wednesday, boosted by technology stocks following strong results from chip equipment maker ASML, while investors shifted their focus to a monetary policy verdict by the U.
European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.
The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar.”
The Federal Reserve announces its decision on interest rates at 2 p.m. Fed Chair Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average,
Encouraged by stronger than expected earnings for ASML, Europe's Stoxx 600 is up about 0.60% to new record highs. Click to read.
Tariff risks to Europe and China may be underappreciated at the moment, with the possibility that the latter could see its effective rate rise to 30% from roughly 11%, according to UBS. “We anticipate more tariff threats and asset volatility ahead,
The Federal Reserve announces its decision at 2 p.m. Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The Federal Open Market Committee, the central bank's policymaking body, will conclude a two-day meeting on Wednesday afternoon. A policy decision is due at 2 p.m. ET, followed by a news conference by Fed Chair Jerome Powell at 2:30 p.m. ET.
The Swiss government said on Wednesday that it would from May 1 remove the European Union from a list of jurisdictions affected by protective measures for the Swiss stock exchange, ending a block on the trading of Swiss shares on other bourses.
Luxury goods giant LVMH is the pride of France, but the government nevertheless understands the anger expressed by LVMH boss Bernard Arnault regarding French taxes, said a government spokeswoman on Wednesday.