(Reuters) – European shares rose on Thursday, breaking a four-day losing streak, after U.S. Federal Reserve Chair Jerome Powell cemented hopes of an interest rate cut this month, lifting stock markets worldwide.
While strong U.S. jobs data last week had investors trimming bets of a 50 basis points cut in interest rates by the Fed in July, Powell’s remarks saw interest rate futures pricing in greater odds of an aggressive rate cut this month.
Stocks - Benchmark - % - Losses - %
The pan-European stocks benchmark rose 0.2% after accumulating losses of 1.4% over the last four sessions....
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