World markets rise ahead of US Fed rate cut hopes
The dollar also rose as the markets overwhelmingly expect another rate cut to come out of the Jackson Hole symposium
London — World stock markets and the dollar rose on Friday as investors looked to a speech by US Federal Reserve chair Jerome Powell for clarification on whether the US central bank remains on course to deliver another interest rate cut in next month.
Suggesting markets remain broadly confident of further Fed easing, European stocks rebounded from the previous day’s falls, with the pan-European Stoxx 600 index gaining as much as half a percent in early deals. Britain’s FTSE 100 index was up 0.64%.