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After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

Published On 11 Feb 2023 06:34 AM


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On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning to a nine-month high set in early February, while Europe's STOXX 600 index surged 0.85% to a new nine-month high. After Wall Street gained overnigh....


Tags : Powell's remarks, European stocks, dollar wobbles, Federal Reserve Chair Jerome Powell,
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