Europe Stocks Rise Before U.S. Rates Decision
July 27 2016 - 4:20AM
Dow Jones News
European stocks opened higher Wednesday, ahead of the Federal
Reserve's latest decision on interest rates.
The Stoxx Europe 600 index was up 0.63% in early morning
trading.
The U.S. Federal Reserve's statement on monetary policy will be
watched closely by investors, coming at 2 p.m. EDT Wednesday. The
central bank isn't expected to move interest rates this week, but
any hints on the likelihood of a September rate rise could move
markets.
In Asia, the Nikkei closed up 1.72% after a Wall Street Journal
report that the Japanese government may issue 50-year bonds for the
first time, to take advantage from ultralow yields on Japanese
sovereign debt.
The Japanese yen is down 0.78% against the dollar. The Bank of
Japan will announce its latest monetary policy decisions on
Friday.
Second-quarter earnings season is in full swing, with results
from Coca-Cola Co. ahead of the U.S. opening bell, and Facebook
Inc. after markets close.
Write to Mike Bird at Mike.Bird@wsj.com
(END) Dow Jones Newswires
July 27, 2016 04:05 ET (08:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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