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Euronews

Doloresz Katanich

Gold hits fresh record, European stock markets rise after Fed comments

Jerome Powell Europe Gold Euro US Federal Reserve United States Stephen Innes ASML China Nasdaq

European stocks rose on Wednesday morning after a string of strong corporate results a day earlier, while equities were also boosted by remarks from Federal Reserve Chair Jerome Powell. In Philadelphia on Tuesday, Powell suggested that another interest rate cut could come later this month in the US.

In Europe, shares in Netherlands-headquartered ASML, which makes equipment used in the production of AI chips, jumped after the company posted promising results on Wednesday.

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