Top
image credit: Unsplash

European stocks close higher as investors look ahead to fresh economic data

August 28, 2023

Via: CNBC
Category:

Germany’s DAX 30 finished up 1%, France’s CAC 40 closed up 1.4%, and the Italian FTSE MIB was 1.3% higher by the end of the trading session.

Markets were closed in the U.K. for a public holiday.

It came as investors continued to reflect on a roundup of commentary from the Kansas City Federal Reserve’s annual retreat in Jackson Hole, Wyoming, last week.

The most closely watched speech of the event came from Fed Chair Jerome Powell. The U.S. central bank head said that inflation remains too high and that the Fed is ready to continue hiking interest rates to tame persistently high prices.

Read More on CNBC