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 “.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
