Arrows point straight up on European stock exchanges. Meanwhile, there is a strong rally when Wall Street opens on Wednesday afternoon.
Recovery continues after a turbulent start to the week on Wednesday morning. In Europe, the broad Stoxx Europe 600 Index was up about 2% at 11.30.
This is the development on European stock exchanges:
- Frankfurt’s DAX rose 2.17 percent
- London’s FTSE100 Index is up 1.66%
- The CAC40 index in Paris rose by 2.04 percent
- IBEX 35 in Madrid jumped 2.18 percent
- The FTSEMIB index in Milan rose 2.06 percent
The main index in the Oslo Stock Exchange also rose by 2.5 percent. In addition, there is a good atmosphere on the other Nordic exchanges:
- The Stockholm Stock Exchange rose 2.42 percent
- The Helsinki Stock Exchange rose 2.17%.
- The Copenhagen Stock Exchange rose 1.92 percent
Looking from the continent, it also indicates that US stock markets will rise when they open on Wednesday night. In pre-trading, Nasdaq futures are up 1.89 percent, while S&P 500 futures are up 1.20 percent. Dow futures are pointing to a more modest rise.
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This development comes hours before the US Federal Reserve announced its interest rate decision on Wednesday evening. The Federal Reserve is expected to announce that the first interest rate increase after the Corona pandemic will come at the interest rate meeting in March.
At the same time, there is tension over what the central bank will do with support purchases, which have been gradually reduced from before the new year. In addition, the Federal Reserve is supposed to send signals about the balance that reached 9000 billion dollars after buying the massive support.
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