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Stock impact report

Europe Markets: European stocks nudge higher ahead of Fed, led by banks and insurers [MarketWatch]

ELECTRICITE FR UNSP/ADR (ECIFY) 
Company Research Source: MarketWatch
European stocks nudge higher ahead of Fed, led by banks and insurers European stocks on Wednesday leaned higher ahead of a key U.S. interest rate decision. After dropping for two sessions, the Stoxx Europe 600 index SXXP, +0.10% increased 0.07% to 389.62, led higher by banks and insurers. The German DAX DAX, +0.05% increased 0.1% to 12384.63, the French CAC 40 PX1, +0.07% increased 0.12% to 5622.46 and the U.K. FTSE 100 UKX, +0.20% increased 0.3% to 7342.16. Attention in markets turned to the Federal Reserve, with the central bank expected at 2 p.m. Eastern — after European markets close — to announce that it’s reducing its key interest rate by a quarter-point, cutting rates for the second straight meeting. The press conference with Fed Chairman Jerome Powell may get more attention as traders try to ascertain whether he believes, as he said in July, that the reduction represents a mid-cycle adjustment or something more. Analysts at Credit Suisse said the dot plot — the Fed’ Show less Read more
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