European stocks expected to open higher on hopes of Fed rate cut, easing tensions

From Nasdaq: 2024-08-21 01:41:47

European stocks are set to open higher amid hopes of a Fed rate cut and easing Middle East tensions. Ceasefire negotiations between Israel and Hamas are ongoing, with no breakthrough yet. The release of Fed minutes and upcoming remarks by Fed officials may provide clarity on rate trajectory. Markets in Asia and U.S. futures are up, while the dollar is under selling pressure. Gold trades near record high, while oil extends losses on U.S. inventory build. U.S. stocks ended slightly lower as yields fell after weak survey data. European stocks ended lower yesterday, breaking a five-day winning streak.



Read more at Nasdaq: European Shares Seen Opening Up As Focus Shifts To Fed Minutes