European Equities Mostly Ahead At Open 12 July 2019
Europe's main stock markets mostly rose in opening deals on Friday, with London's benchmark FTSE 100 index up 0.1 percent at 7,519.31 points
London, (UrduPoint / Pakistan Point News - 12th Jul, 2019 ) :Europe's main stock markets mostly rose in opening deals on Friday, with London's benchmark FTSE 100 index up 0.1 percent at 7,519.31 points.
Markets are on course for a broadly upbeat end to the week after Federal Reserve boss Jerome Powell's congressional testimony all but flicked the switch on a US interest rate cut at the end of the month.
A second day of testimony Thursday essentially reiterated his point.
"It may be a relatively quiet end to the week as traders digest the last two days of Powell's testimony and US data and weigh up the prospects for interest rates this year," noted Oanda analyst Craig Erlam on Friday.
Asian equities mostly rose Friday but gains were slight as investors applied the brakes after recent advances, with debate also focusing on the depth of an expected US interest rate cut.
"Dealers remain divided as the size of the cut and when we might see the rates being lowered, but the view across the board is that monetary policy will be loosened."