(Bloomberg) -- After what is poised to be the worst first half since 2008 for European equities, strategists are optimistic that at least some of the losses will be clawed back by the end of the year.Most Read from BloombergElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsRecession Worries Boost Treasuries; Stocks Advance: Markets WrapThese Are the World’s
(Reuters) -European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is "strongly committed" to bringing down inflation. Wall Street erased losses to turn positive after the remarks at a hearing before the U.S. Senate Banking Committee, while the pan-European STOXX 600 closed down 0.7%, after having fallen 1.8% to its lowest since January 2021. Equity markets took a beating last week as recession fears heightened after the Fed raised its key interest rate by three-quarters of a percentage point, and signalled more.
(Bloomberg) -- Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingHousing’s Slowdown Has Economy on the EdgeRuble Soars to 7-Year High Prompting Debate Over Targeting RateSix years after Britain decided to leave the European Union, market participants see a country in crisis: The UK is stumbling toward recession as inflatio