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International Business Times
International Business Times
Business
AFP News

European Stocks Rise Before UK Budget, ECB Rate Call

Euro United Kingdom Jerome Powell Bitcoin Gold eurozone Apple United States US Federal Reserve
Traders await testimony from Federal Reserve chief Jerome Powell for fresh signals about the direction of interest rates (Credit: AFP)

European and Asian stock markets mostly rose Wednesday before a UK budget and Fed testimony and on the eve of a eurozone rate decision, while bitcoin and gold remained elevated one day after striking record peaks.

London equities climbed as traders awaited a tax-cutting budget at 1230 GMT, when Conservative Prime Minister Rishi Sunak will seek to regain political momentum ahead of a UK general election.

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