European stock markets mid session: stocks traded higher ahead Yellen’s speech

Market news

27 May 2016

European stock markets mid session: stocks traded higher ahead Yellen’s speech

Stock indices traded higher ahead a speech by the Fed Chairwoman Janet Yellen later in the day. She will speak at Harvard University. Market participants hope for hints for further interest rate hikes.

Several Fed officials said in the recent days that an interest rate hike in June or in July would be appropriate. These comments added to speculation that the Fed may raise its interest rate in June.

No major economic reports were released in the Eurozone today.

Current figures:

Name Price Change Change %

FTSE 100 6,270.59 +4.94 +0.08 %

DAX 10,277.84 +5.13 +0.05 %

CAC 40 4,512.87 +0.23 +0.01 %

Foreign exchange market. European session: the U.S. dollar traded mixed to higher against the most major currencies ahead of the release of the U.S. economic data

Italian consumer confidence index decreases to 112.7 in May

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