European stocks rise on hopes of Fed pause; eyes on ECB meeting [Reuters]
Prudential Public Limited Company (PUK)
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Source: Reuters
The continent-wide STOXX 600 index (.STOXX) closed 1.4% up at its highest level in nearly a week, with utilities (.SX6P) , media (.SXMP) and travel and leisure (.SXTP) sectors leading the gains. Wall Street's main indexes rallied on Friday after a report said the Fed would likely debate a smaller rate hike in December. "While it is encouraging that Fed officials have started to point to an end in sight for rate rises, such a pause will remain conditional on a fading inflation and a cooling labour market. This has yet to be seen in the data," said Mark Haefele, chief investment officer at UBS Global Wealth Management. "We believe the full effects of restrictive monetary policy for the economy and corporate profits are not yet well reflected in consensus forecasts – leading to potential disappointments ahead." Further boosting sentiment, Sunak looked set to become the Britain's next prime minister after he won the race to lead the Conservative Party, which analysts said had rel
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PUK
Sec Filings
- 4/22/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/18/24 - Form 6-K
- PUK's page on the SEC website