From Investing.com: 2024-09-17 12:21:35

Europe’s STOXX 600 index hit a two-week high on Tuesday fueled by hopes of a substantial U.S. Federal Reserve rate cut. Spain’s benchmark soared 1.1%, while retail stocks surged with Kingfisher lifting profit outlook. Ryanair reported improved bookings, with travel subindex rising. Analysts expect a 25-bps rate cut, despite differing opinions.

German investor morale fell in September, ZEW survey shows. Defence firms like BAE Systems and Rheinmetall slipped on shaky ceasefire reports from Ukraine. Barry Callebaut gained 7.2%, while Playtech dropped 5.2% after selling Italian unit to Flutter Entertainment for $2.56 billion. Flutter shares closed up 3.2% in London.



Read more at Investing.com: Europe’s STOXX 600 at two-week closing high in lead-up to Fed rate decision By Reuters