European markets closed higher on Wednesday, with corporate earnings season in full swing and the European Central Bank meeting ahead.
pan europe Stokes 600 up 0.7%, after bouncing on both sides of the flat line throughout the trading session. Mining stocks jumped 2.8% to lead gains, while food and beverage stocks fell 0.6%.
The European stock index ended Tuesday’s session 1.4% higher, hitting its highest level since September 19.
Corporate earnings are a major driver of stock price movement in Europe. German BankAnd the BarclaysAnd the Standard CharteredAnd the Mercedes BenzAnd the Heineken And the Reckitt Benckiser It was all reported before the bell on Wednesday.
Investors are also looking forward to Thursday’s European Central Bank meeting, at which it is widely expected to raise interest rates by 75 basis points; And for clues on its way to quantitative tightening, as the European Union heads into a possible recession.
US stocks It rose for the third day in a row on Tuesday as weak economic data indicated that the Federal Reserve may not need to be so aggressive as it raises interest rates, although Stock futures were lower After Wednesday morning the alphabet profits Disappointed.
A large number of US companies will release a report on Wednesday, including Meta, Coca Cola and McDonalds, and are due to release data on weekly mortgage applications, wholesale inventories and new home sales.
Asia Pacific markets were higher On the expectations of the Federal Reserve and the comments of the China Securities Regulatory Commission on creating an “orderly, transparent, open, dynamic and resilient” market.
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