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The Breakfast Briefing: Global Stocks Follow Wall Street Higher
FYI: Global stocks rallied on Thursday, after dovish comments from Federal Reserve Chairman Jerome Powell eased investor worries about monetary tightening and the prospect of an economic slowdown in the world’s largest economy.
The Stoxx Europe 600 gained 0.6% in the opening minutes of trade, following a 2.3% surge for the S&P 500 on Wednesday, the biggest rise in the U.S. index since March.
Stocks in Asia were mostly higher, though Chinese benchmarks bucked the upbeat trend with losses. Japan’s Nikkei Stock Average was up 0.4%, while Hong Kong’s Hang Seng Index dropped 0.9%.
