Europe is on positive ground. Natural Resources Sector Pulls Stoxx 600
European stocks started in the green for the third day in a row, as investors braced for the expected speech by Jerome Powell, US Federal Reserve Chairman, at Jackson Hole.
The Stoxx 600 index – the European benchmark – rose 0.16% to 434.04 points, supported mainly by the natural resources and technology sector (1.54% and 0.72%, respectively).
In the remaining European markets, Amsterdam’s AEX rose 0.11%, France’s CAC-40 rose 0.34%, Germany’s DAX rose 0.37% and Italy’s. FTSEMIB values 0.30%. On the other hand, the Spanish caribou rose 0.40%.
The head of the US Monetary Authority will speak at 3:00 pm (Lisbon time), with investors focused on his words, hoping for clues about the pace of the next rate hike, at the Fed’s September meeting. . Compounding investors’ appetite for risk is the energy crisis in Europe.
“Look forward to finding out how to do it [Powell] Jaime Espego, fund manager at Emmentia Capital, sees the markets, at a time when uncertainty is rising and the dollar is very high. strong “.
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