Reported 12 months ago
European stocks showed positive growth with a focus on key elections and increasing optimism for Federal Reserve interest-rate cuts, bolstered by supportive US economic data. The upbeat sentiment strengthened as France and the UK held important elections, while US equity futures remained stable. The market also saw improvements in continental bonds and a rise in global stock prices, with Japanese shares hitting record highs. The positive trends were attributed to the hope for a September rate cut following recent weak US economic reports.
Source: YAHOO