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European Shares Rise As Banks Gain On Rate Hike Expectations

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks rose on Tuesday as investors sought bargains following two days of declines.

A retreat in U.S. Treasury yields and gains in U.S. stock futures on expectations of more stimulus measures in China boosted investor sentiment.

Banks were seeing broad-based gains on expectations that they would benefit from higher interest rates.

After a number of ECB officials spoke in favor of rate hikes, traders are now pricing in more than a two-thirds chance of a 75-basis-point move at the central bank's September 8 policy meeting.

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