European Shares Gain On Fed, China Optimism
RTTNews 2023-09-04 09:25:37 • 2 mins
European stocks advanced on Monday as hopes of Fed rate pause and the announcement of new Chinese stimulus measures helped investors shrug off weak economic data from Germany and the euro zone.
The dollar slipped in thin holiday day after mixed U.S.jobs data released on Friday suggested the Federal Reserve is done with raising interest rates.
In economic releases, a survey showed the Eurozone Sentix Investor Confidence Index fell to -21.5 in September from -18.9 in August - a level not seen since Europe's energy crisis last November.
Separate data showed that Germany's trade surplus declined more than expected in July on weak exports and rising imports, exacerbating the possibility of economic contraction in the third quarter.
