Market Updates
European Markets at 6-month High, Eurozone Output Advanced
Bridgette Randall
14 Nov, 2022
Frankfurt
European markets advanced following the surge in the previous week and indexes gained after China proposed a wide ranging measures to rescue moribund real estate sector.
Market sentiment was muted in the early trading after the U.S. Federal Reserve Governor Chris Waller said on Sunday that the pace of future rate hike may be slower but the central bank is not done with fighting sky-high inflation.
Investors took note of the latest comments from Federal Reserve Vice Chair Lael Brainard, indicating that rate hike may "soon" begin to slow after several -large hikes this year.
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