Wall Street records sharp gains ahead of the Federal Reserve’s interest rate decision

Wall Street poster in front of the New York Stock Exchange (Reuters/Carlo Allegri/File)

Stock markets in Europe and the US advanced while the dollar fell on Wednesday as attention turned to the Federal Reserve. And the size of the next increase in the interest rate.

Industry Index Dow Jones 0.46% technological gain Nasdaq 1.64% and Extended Index S & P500 0.93%.

In Europe, in ParisThe ACC 40 he won 0.75% in FrankfurtThe Dax took over 0.53% And in London, a FTSE ascended 0.57%.

pan-European index Eurofirst 300 advanced a 0.53%, The Eurostocks 50 from the euro area 0.95% and the Stokes 600 a 0.47%.

Tuesday saw a sharp decline on Wall Street as traders looked at more corporate earnings that pointed to the fallout from decades of high inflation.

After the markets closed, both The Google How Microsoft mentioned Disappointing earningsbut The shares of the two companies rose with the start of trading.

Traders working on Wall Street in New York, file photo.  EFE / Justin Lin
Traders working on Wall Street in New York, file photo. EFE / Justin Lin

“The bottom line for many seems to be that their results and/or guidance have been better than fearedMarket analyst Patrick J. O’Hare told Briefing.com.

Actions Google shares rose 3.3 percent and works Microsoft rose 4.0 percent.

While investors will continue to analyze company results and economic data early in the US trading session, Later attention will turn to the Federal Reserve’s interest rate decision.

Central banks are trying to combat runaway prices by raising interest ratesalthough this manages a file The risk of leading economies entering a recession.

Federal Reserve in Washington (Reuters/Jason Reed/File)
Federal Reserve in Washington (Reuters/Jason Reed/File)

The US central bank is widely inclined to announce a 0.75 percentage point increase in interest ratesTraders are particularly interested in any indication of whether it will maintain the pace of these price increases.

“This rate increase is already reduced.”said Naim Aslam, chief market analyst at Avatrade.

He added that if the Fed signals a plan to raise interest rates by another 75 basis points at its next meeting, “That would be very bullish for the dollar.”

Attention was also focused on gas prices, as such Russian energy giant Gazprom has cut off fuel supplies to Europe via the Nord Stream pipeline.

European Union countries accuse Russia of cutting supplies by In retaliation for Western sanctions Moscow’s war in Ukraine.

The Natural gas reference priceDutch fund rose 3.5 percent at 210.25 euros per megawatt-hour, building on Tuesday’s gains.

On the corporate front, the Swiss banking giant Credit SuisseScandal-hit, which has been appointed as its new CEO as higher litigation costs and financial market volatility pushed it further lower.

Ulrich Korner, Asset Management Director of the Bank, takes the lead Thomas Gotstein Monday.

The bank has been hit by a series of scandals and crises, including the collapse of financial services firms Grencelle and Archegos last year.

After starting the day lower on the Swiss stock market, shares of Credit Suisse are up more than 2%.

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