European stocks mostly rise as US rate lift talk eases
On Tuesday, traded mostly higher, as comments by a Federal Reserve official decreased expectations for a near-term American rate lift, while market participants eyed the issue of euro zone economic sentiment data as well as a speech by European Central Bank President Mario Draghi.
During European morning trade, the EURO STOXX 50 managed to gain 0.13%. Meanwhile, French CAC 40 tacked on 0.08%, German DAX 30 acquired 0.12%.
European equities edged up after Fed Governor Lael Brainard warned against lifting interest rates too quickly.
In Monday’s speech Brainard told that economic progress continues in American, though it would be wise for the Fed to continue keeping its policy loose.
Market sentiment improved after released data earlier demonstrated that China’s industrial production tacked on by 6.3% in August, year-on-year, thus beating expectations for a 6.1% surge and after a 6.0% soar last month.
Mining stocks traded mostly lower too. Stocks in Glencore fell 0.51%, BHP Billiton lost 1.21%, while Anglo American sank 2.16%.