2:46 PM · 21 August 2019

French market leads equities higher on Wednesday

Equity markets are surging again on Wednesday led by the French FRA40 (+2%). Those gains are followed closely by markets in Italy (+1.8%) and Germany (+1.7%) as investors return to the market among hopes for more monetary and fiscal stimulus. Traders need to remember about the FOMC minutes that will be released today (8pm CEST) and while the Fed lowered interest rates at the last meeting, the communication was not that dovish and markets actually declined following this cut.

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