European stocks bounced back early Wednesday as investors look toward commentary stateside.
LONDON — European stocks opened higher Wednesday, rebounding as investors await commentary on the inflation and interest rate outlook from the U.S. Federal Reserve.index was just above the flatline in early trade, with sectors mixed. Mining stocks climbed 1%, while insurance dipped 0.26%.
Alex Kerr, U.K. economist at Capital Economics, said it "continued the recent run of bad news on the fiscal position." Even if spending does not continue to outpace forecasts, tax rises should be expected in the new Labour government's first budget on Oct. 30, Kerr added. Attention is instead turning stateside, with the release of minutes from the Federal Reserve out Wednesday, ahead of Fed Chair Jerome Powell's speech at the closely watched central bank symposium at Jackson Hole on Friday.
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