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Thursday 07.15 GMT
What do you want to know
- European equities to rise after Wall Street rally on Fed's accommodative outlook
- The dollar remains lower after overnight losses as treasuries win
- Chinese stocks fail in recovery as attention goes to trade talks at G20 summit
Topics of current interest
European stock markets are set to follow Wall Street higher after dovish comments from the head of the US Federal Reserve have helped US stock indexes achieve some of their best gains since March.
But Chinese equities have been omitted as gains have not progressed, with the trade dispute with the United States attracting attention in the run-up to the meeting of the presidents of the two countries at the next G20 summit.
Investors interpreted comments by Fed Chairman Jay Powel 1 as a sign that the central bank would slow down its interest rate hike.
Treasury yields continued to fall in the face of US debt demand, with the prospect of a slower rate cut, leaving yields of fixed income badets less eroded by erosion of rates and rates. l & # 39; inflation.
The dollar index continued to retreat from some of its highest levels of the year, which had been affected in the run-up to Powell's speech. Having decreased by 0.6% compared to the previous session, it was still down 0.1% to 96.652.
Mr. Powell said interest rates were close to the "neutral" level at which they neither stimulated nor hindered economic growth. The S & P 500 index ended the day up 2.3% and the Nasdaq Composite, a state-of-the-art player, added 3.2% to one of the biggest rises since the month of March.
Futures trading expected indexes to slide around 0.3% each at the opening of Wall Street.
stock
According to London Capital's opening calls to Europe, the FTSE 100 will increase by 0.5% as Frankfurt's Xetra Dax 30 is about to gain 0.6%.
Stocks were stronger in much of Asia, although Chinese stocks were successful at the G20 meeting in Argentina.
Hong Kong, Hang Seng lost 0.9%, not holding the initial gains. The CSI 300 index of mainland China lost 1.2%.
The Sydney S & P / ASX 200 Index returned to positive territory, up 0.6%, with most market segments advancing.
Rio Tinto climbed 3.2% after the Australian miner's announcement to spend $ 2.6 billion to develop its Koodaideri iron mine.
The Topix in Tokyo grew by 0.5%, driven by gains in the health, technology and industrial sectors. Mitsubishi Heavy Industries, however, lost up to 1.8% after the South Korean Supreme Court ordered the company to compensate South Korean forced laborers for their work during the Second World War.
Forex and fixed income
Foreign exchange markets remained broadly stable, with the dollar remaining stable after Wednesday's crash following Powell's comments.
However, sovereign bond markets are showing signs of life after a leisurely morning as 10-year US Treasury yields, which are in the inverse inverse of prices, fell 4 basis points to 3.024. %.
Basic products
Oil prices were stable after the losses of the previous session following Saudi Arabia's pledge not to unilaterally reduce production. The international benchmark, Brent, rose 0.1% to 58.80 dollars a barrel, while the US West Texas Intermediate index rose 0.5% to 50.53 dollars .
Gold rose 0.4% to $ 1,225.33 an ounce.
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