Europe heads for mixed open as markets digest Powell’s comments on cutting rates

U.S. Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions on June 15, 2022.

Olivier Douliery- | Afp | Getty Images

So, “if you wait until inflation gets all the way down to 2%, you’ve probably waited too long,” he said Monday.

His comments, combined with expectations that the failed assassination attempt on Republican presidential candidate Donald Trump will lead to big gains for the party and friendlier fiscal policies from a Trump administration, sent Wall Street higher Monday.

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China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8%

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A hull section that will be sent to the final assembly base is loaded onto a semi-submersible vessel at Hanwha Marine Engineering (Shandong) Co LTD in Yantai, China, on September 16, 2024. Costfoto | Nurphoto | Getty Images Shares of South Korean shipbuilder Hanwha Ocean fell more than 8% Tuesday after China sanctioned five of […]

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European markets set to open lower as positive sentiment vanishes

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European stocks are expected to open lower on Tuesday, reversing largely positive sentiment at the start of the week. Source

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LG Electronics India shares surge 50% on market debut after bumper initial public offering

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LG Electronics India is seeking a valuation of up to 774 billion rupees ($8.71 billion) in its long-delayed initial public offering, tapping into a bustling IPO market with one of India’s largest offerings so far this year. Nurphoto | Nurphoto | Getty Images LG Electronics India’s shares surged 50% on their market debut Tuesday, after the company’s initial […]