
US and European Stocks Gain Following Fed Rate Cut; Dow Futures Steady
US and European stocks experienced gains following a significant interest rate cut by the Federal Reserve last week. The US stock market indexes started the week with gains, continuing the rally from the previous week. Dow futures were little changed after clinching a record high. Investors are closely monitoring comments from Federal Reserve officials and upcoming economic data to gauge the future direction of interest rates and the overall market. European shares started the week on a subdued note but showed slight gains by the end of the day, with Britain's FTSE 100 up 0.35%, Germany's DAX up 0.61%, and France's CAC 40 up 0.1%. The FTSEurofirst 300 provisionally closed up 0.38 percent at 2,041.54. The positive sentiment was supported by steady factory data and expectations of further easing from the Federal Reserve.
Sources
- Newsquawk
Europe Market Open: Futures point to a firmer open, RBA holds while PBoC unveil stimulus https://t.co/rIxje4964v https://t.co/DP26D2N9z5 https://t.co/4qkUWSDZ8Q
- Reuters Business
US stocks closed modestly higher as investors assessed the impact of the Federal Reserve’s rate cut. Gains followed supportive comments from Fed policymakers and steady factory data, continuing last week's market rally. Read more: https://t.co/zhi8ZmTFOR https://t.co/XJ22A4TXmD
- Reuters
US stocks edged higher as investors weighed the impact of the Fed’s recent rate cut. Gains followed comments from Fed officials and steady factory data, extending last week’s rally and pushing major indexes into positive territory https://t.co/bfnidTaGeo https://t.co/e3jh2k2LgJ
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