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European markets are set to rebound on Thursday as investors react positively to signals from the US Federal Reserve that interest rates will be cut next year.
The Federal Open Market Committee kept interest rates on hold at a range of 5.25% to 5.5%, in line with Wall Street expectations, but market sentiment improved as policymakers at least agreed on the policy. 3 interest rate cuts next year.
US stock futures Hong Kong stocks led the market’s gains while rising Wednesday night following the Fed’s decision. Asia Pacific stock market Investors welcomed the Fed’s move to end the rate hike cycle.
European investors will be closely watching the European Central Bank and Bank of England’s monetary policy decisions on Thursday.
CNBC Pro: Citi names three equity opportunities after Argentina devalues its currency by 50%
Citi highlights three investment opportunities after Argentina devalues its currency by 50%
A large devaluation is new economic plan The announcement was made by liberal President Javier Millay, who took office earlier this week. The value of 1 US dollar will increase to 800 Argentine pesos from the previous 400 pesos.
The U.S.-listed stocks of two Argentine companies have also risen more than 40% since Milley’s election on hopes of an economic turnaround.
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— Ganesh Rao
CNBC Pro: Is Novo Nordisk a buy? Wall Street banks are also weighing in, with one pointing to 36% downside.
Big pharmaceutical companies grow as weight loss drugs boom novo nordisk While this year has been favorable for many investors, one investment bank has concerns about stocks.
“Over the next year, we expect sentiment to change, perhaps initially as a result of competitor launches. Eli Lilly“Risk of disappointment due to slower-than-expected supply increases for Jefferies’ anti-obesity drugs Zepbound and Wegoby,” Jefferies analysts led by Peter Welford said in a Dec. 7 stock research note.
But not everyone agrees, with other analysts also bullish on the stock.
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— Amara Balakrishna
European Market: Click here for opening call
European markets are set to open higher on Thursday.
british FTSE100 The index is expected to open 61 points higher at 7,613. dachshund France, up 188 points to 16,949 CAC Italy, up 92 points to 7,620 FTSE MIB According to IG data, it rose 365 points to 30,622.
European investors will be closely watching the European Central Bank and Bank of England’s monetary policy decisions on Thursday.
— Holly Ellyatt
