LIVE MARKETS-Europe opens lower, Powell comments weigh
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com.
EUROPE OPENS LOWER, POWELL COMMENTS WEIGH
European shares fell on Wednesday, as investors digested Federal Reserve Chair Jerome Powell's remarks the previous day on the outlook for monetary policy.
On Tuesday, Powell gave little indication about the future path of interest rates, saying the Fed needed to continue balancing the competing risks of high inflation and a weakening job market.
The pan-European STOXX 600 .STOXX fell 0.5%, with financials .SXFP and bank .SX7P stocks leading early declines.
Gains in some defence stocks .SXPARO helped limit losses after U.S. President Donald Trump said he believed Ukraine could retake all its land occupied by Russia and that Kyiv should act now.
Among top movers, Germany's Lanxess LXSG.DE shares fell around 5% after Deutsche Bank downgraded its rating on the speciality chemicals maker to "hold" from "buy".
In the UK, Baltic Classifieds Group shares dropped 14% after the company reported results below expectations.
(Joice Alves)
*****
EARLIER ON LIVE MARKETS:
BEFORE THE BELL: FUTURES DOWN AFTER POWELL'S CAUTIOUS TONE CLICK HERE
'TIS THE SEASON TO BE CHOPPY CLICK HERE
Related Articles
U.S. August PCE: Inflation Remains the Market's Greatest Risk
Our baseline forecast anticipates sustained asset price increases. However, if inflation surpasses market expectations in the coming months, it could hinder further rate cuts and pose the greatest risk to financial markets.
Memory Giant Micron Delivers Stellar Q4 FY2025 with Explosive DRAM and HBM Growth
TradingKey - Micron Technology, Inc. (NASDAQ: MU) delivered a stellar Q4 FY2025 earnings report, exceeding expectations on revenue, earnings, and margins. The company reported total revenue of $11.32 billion, up 46% YoY and 22% sequentially, surpassing the consensus forecast of $11.1 billion.
Fed Rate Cuts: Will the Russell 2000 Outperform the S&P 500?
TradingKey - On 17 September, the Federal Reserve cut interest rates by 25 basis points, marking the official restart of the rate-cutting cycle. In theory, small-cap stocks, compared to large-cap stocks, benefit more from Fed rate cuts. This is because they are more reliant on external financing...
Broadcom Q3 FY2025 Earnings Review: AI Surge and VMware Synergy Fuel Record Performance
TradingKey - Broadcom Inc. (NASDAQ: AVGO) delivered a strong fiscal Q3 2025, with results driven by AI networking strength and continued VMware integration. Revenue and EPS both topped expectations, reinforcing the company’s role as an essential player in the AI infrastructure buildout.
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
