European stocks rise on rate cut bets

European stocks rose in early trade on Tuesday and global shares were near their highest since April 2022 as traders bet on rate cuts next year, while the yen fell after the Bank of Japan stuck to its ultra-easy monetary policy.

In a widely expected move, the Bank of Japan kept its ultra-low interest rates unchanged. It also made no change to its dovish policy guidance, dashing hopes among some traders it would tweak the language to signal a near-term end to negative interest rates.

The yen tumbled, with dollar-yen up 1.2% at 144.5 at 0924 GMT and euro-yen up 1.3% at 158.17 . The Nikkei rose in relief, led by technology shares (.N225), and Japanese government bonds yields fell.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity European Trust

More articles like this

Fidelity European Trust

Eurozone retail sales show modest growth in August

Retail sales in the eurozone experienced a modest increase in August, showing a recovery after a stagnant performance in July. According to recent data from Eurostat, retail trade volumes in the euro area grew by 0.2%

Fidelity European Trust

European stocks climb amid global market struggles

European stocks saw an increase on Monday, defying the negative trends observed in both Wall Street and Asia-Pacific markets. By mid-morning in London, the pan-European Stoxx 600 index had risen by 0.57%, with most sectors and

Fidelity European Trust

A growing number of European businesses embrace AI

Over the past year, the adoption of AI by European businesses has grown by 32%, and this trend, if sustained, could add €600 billion in gross value added (GVA) to the European economy by 2030. This

Fidelity European Trust

European stocks show signs of recovery

European stocks experienced a modest increase by midday Tuesday in London, attempting to recover from Monday’s market downturn. At 11:54 a.m. London time, the pan-European Stoxx 600 was up 0.17%. It was a day of volatility,

Fidelity European Trust

European stocks offer stability and growth

European stocks have been a beacon of stability and growth in the global financial markets. The recent surge in European equities is a testament to the robust economic fundamentals and the innovative corporate strategies driving the