European stocks close higher as investors await Fed decision

Wednesday, 31 July 2019 23:27 WIB

Stoxx 600Indeks Stoxx Europe 600SahamEropa


European stocks closed higher Wednesday as investors awaited an interest rate decision from the U.S. Federal Reserve.

The pan-European Stoxx 600 closed climbed 0.2% at 385.77 , with the majority of sectors and major bourses in positive territory. The FTSE 100 in London was the outlier in Europe, slipping 0.6% as the pound moved away from recent lows.

The Fed is widely expected to cut interest rates by a quarter point — which would be the central bank's first rate cut in over a decade — and the anticipation of monetary easing has supported risk asset prices worldwide.

Source : CNBC


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