"European Stocks Rise Despite Fed's Inflation Concerns; UK Inflation Eases"
TL;DR Summary
European stocks were slightly higher despite global market concerns over comments from the head of the U.S. Federal Reserve, with the Stoxx 600 index up 0.1% and UK inflation easing to 3.2% in March. Fed Chair Jerome Powell's remarks about the need for more progress on inflation before considering rate cuts contributed to market unease. Luxury group LVMH saw a 2.5% rise in shares despite a slowdown in sales, while Asia-Pacific and U.S. markets experienced mixed performance following recent selloffs.
- European stocks higher despite Fed comments rattling global markets; UK inflation eases to 3.2% CNBC
- Fed Chair Powell says there has been a 'lack of further progress' this year on inflation CNBC
- Dollar Power: Fed's Higher-for-Longer Is Turning the Currency Screws Bloomberg
- This is why investors shrugged off Powell’s ‘reset’ of Fed rate-cut expectations MarketWatch
- Fed Chair Jerome Powell Dials Back Expectations on Interest-Rate Cuts - WSJ The Wall Street Journal
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