European stocks are moving higher on Thursday after the heavy losses they experienced yesterday, with investors assessing the next moves of the Federal Reserve in the fight against inflation and the possible impact on the global economy.
Fed minutes from the last monetary policy meeting that came to light yesterday showed that officials plan to reduce the bank’s balance sheet by about $ 95 billion a month, while leaving open the possibility of a rise in US interest rates by 50 base units in the next period.
At the same time, investors continue to watch the lockdowns in China due to the rise of Covid-19, which are expected to cause new problems in global supply chains, giving a new impetus to inflation.
At the same time, they are waiting for more details about the next round of Western sanctions against Russia, with the EU. leave open the possibility that the new measures concern Russian imports of oil or even gas.
The pan-European Stoxx 600 index rose 0.5% to 458.32 points.
The German DAX gains 0.7% to 14,214.60 points, the French CAC 40 gains 0.5% to 6,549.57 points, while the British FTSE 100 moves with small losses of 0.1% to 7,580.81 points.
In the region, the Italian FTSE MIB rose 0.6%, while the Spanish IBEX 35 gained 0.35%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
