European stocks rise for second session ahead of US monetary policy decision

2021-09-22 11:43:07 GMT (Economies.com)
European stocks rise for second session ahead of US monetary policy decision

European stocks rose on Wednesday, rebounding for the second day from a 2-month low, as concerns over the Chinese company Evergrande crisis start to ease, and ahead of the US Federal Reserve's decisions.

 

The Stoxx Europe 600 index rose 0.7% as of 10:50 GMT, after closing higher by 1% yesterday, within recovery from a 2-month low at 450.25 points.

 

The mining sector saw the largest gains in Europe today, with a rise of more than 1.5%, as concerns about the Chinese economy eased.

 

The People's Bank of China has injected huge sums of money, in attempts to ease global markets' concerns about the Evergrande's debt crisis.

 

S&P 500 futures rose 0.7% today, after the index closed lower by 0.1%, due to investors' risk aversion ahead of the Federal Reserve meeting.

 

The Fed will reveal its decision later today, which is expected provide clarity over the future of its decision in light of the recent economic data, amid expectations to start reducing its bond-buying before the end of this year.

 

Back to Europe, the Euro Stoxx 50 index rose 0.8%, France's CAC 40 rose 1.1%, Germany's DAX index rose 0.6%, and the UK's FTSE 100 rose 0.5%.

 
 
 
  Symbol Last Change Chg.%
1.1624
0.0013
0.1081%
1.3770
0.0031
0.2264%
Tadawul
11888.24
42.31
0.36%
24.377
1.063
4.562%
84.478
1.132
1.358%
86.08
0.54
0.63%
1799.810
30.070
1.699%
 
 
US
 
Europe
 
Asia