European Markets React Cautiously Ahead of Fed Decision
European shares showed marginal gains as investors await insights from the Federal Reserve's decision and Jerome Powell's speech. Technology stocks led the session's uptick, particularly SAP, recovering after recent declines. The session was marked by major firms' management changes and political uncertainties impacting market stability.
European shares edged higher on Wednesday as investors awaited Federal Reserve insights on future monetary policy adjustments. The pan-European STOXX 600 rose 0.1% after financial stocks previously dragged it to a one-week low.
Tech stocks, especially SAP, led gains with a 4.1% rise following Jefferies analysts' optimistic sentiment on the company's cloud outlook. European stocks have been in a tight range due to French political turmoil and U.S. tariff concerns.
Attention remains on the Fed's anticipated 25-basis-point rate cut and Jerome Powell's guidance on future rate trends. Meanwhile, notable management changes in major European firms added another layer of market interest.
(With inputs from agencies.)
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