Stock markets in Europe are expected to open on a mildly positive note on Wednesday amidst the strong rally in Wall Street on Tuesday fueled by Fed rate cut hopes. Anxiety ahead of ECB's interest rate decision on Thursday, the spike in Middle East tensions as well as worries about the release of inflation readings from the U.S. are however likely to limit gains.
Wall Street had closed at record highs on Tuesday as a massive downward revision to the jobs data cemented hopes of a quarter-percentage rate cut by the Federal Reserve next week. The Dow Jones Industrial Average added 0.43 percent to finish trading at 45,711.34. The Nasdaq Composite also rallied 0.37 percent to close trading at 21,879.49.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.