European stocks are up on hopes of fiscal stimulus
Markets are cautious ahead of the US Fed symposium, as well as fears of global recession, and turmoil the UK, Italy and Hong Kong
21 August 2019 - 12:40
London — European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars.
Traders are waiting for the US Federal Reserve’s annual Jackson Hole symposium later this week and a G7 summit this weekend for clues on what steps policy makers will take to boost economic growth...
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