European stock markets traded higher on Wednesday, recovering after Federal Reserve Chairman Jerome Powell secured a rough end to November with his hawkish turn from Congress on Wednesday. Three.
Powell signaled on Tuesday that the US central bank could speed up its bond purchases at its meeting later this month, acknowledging that inflation is proving to be more sustained and troubling. what he thinks.
At 3:40 a.m. ET (0840 GMT), the DAX in Germany was trading 0.7% higher, the CAC 40 in France was also up 0.6% and the FTSE 100 was up 1%.
The positive start to December comes after global stock markets ended last month with sharp declines on fears of the impact of a novel coronavirus variant triggering a widespread sell-off.
Helping with Wednesday's tone were comments from Israel's Health Minister Nitzan Horowitz, who stated that early data shows people who get three doses of the Pfizer (NYSE:PFE) vaccine are well protected against the omicron variant. new.
That said, the surge in Covid cases remains a potential obstacle to the region's recovery. Earlier, on Wednesday, the head of Germany's DIVI intensive care medical lobby said Europe's largest economy urgently needed more stringent measures to check the rise in infections. infection and protect hospitals from “particularly dangerous situations”.
