European stock markets await signs on US interest rates

to European stock markets today They are mostly running on modest gains, extending recent gains, while investors wait for more signs of the path of interest rates in the US. At 7:30 a.m. (Brasilia time), the pan-European Stoxx 600 index was up 0.29% at 512.91 points, ending last week’s 2.4% gain, the biggest in three months. A potential US recession dissipated.

Last week, New York stock markets had their best performance of the year, buoyed by data from the retail and labor markets.

In a day with an empty agenda, investors in Europe will be looking in the coming days for signs of how quickly the Federal Reserve can cut interest rates before the end of the year. The Fed publishes monetary policy minutes on Wednesday (21) and its Chairman Jerome Powell speaks during the annual Jackson Hole Symposium on Friday (23).

This week brings economic activity indices – known as PMIs – in Europe and the US.

Early morning between major (in Brasilia). European scholarshipParis rose 0.24%, Frankfurt rose 0.04% and Madrid showed a more robust increase of 1.10%. Those in Milan and Lisbon advanced 0.59% and 0.34% respectively. In the opposite direction, London fell 0.14%.