Europe Market Wrap

24 Nov 2022 12:56EUR Europe GBP Germany Russia US Bonds US Indexes USD

- Following the publication of minutes from a Federal Reserve meeting that supported more gradual interest-rate rises, European equities rose and the dollar decreased.

- The real estate sector outperformed, helped by expectations of more gradual rate hikes and analyst upgrades, as the Stoxx Europe 600 index continued its recent uptrend. Following the bootmaker's disappointing sales and earnings, dr. martens plc shares fell to a record low.

- Due to the Thanksgiving holiday, trading volumes are anticipated to be lower, which will result in no cash US equity market trading. After the S&P 500 closed Wednesday at a two-month high, wall street futures increased. Asia's stock market index increased.

- Several officials supported the need to moderate the pace of rate hikes, according to the minutes from the Fed meeting earlier this month, even though some officials emphasised the need for a higher terminal rate. This strengthens predictions that the central bank will increase interest rates by 50 basis points in January, ending a string of jumbo 75 basis point increases.