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European stocks open higher as markets ponder Fed Powell's comments

·1 min


European markets open higher as investors analyze Fed Chairman’s comments #

European markets opened slightly higher on Monday as investors processed the latest remarks from U.S. Federal Reserve Chairman Jerome Powell. The pan-European Stoxx 600 was up 0.1% in early trading, with most sectors trading positively. Travel and leisure stocks saw a 0.6% increase, while mining stocks fell by 0.5%. Powell’s comments on the central bank’s rate cuts suggested a slower pace than anticipated. Asian markets opened lower after Powell’s remarks, while U.S. stock futures remained flat. Ongoing political tensions and uncertainty surrounding interest rate cuts have prompted speculation on sector and stock performance in the future.