European shares rebound tracking global sentiment on soft US jobs data ...Middle East

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European shares rebound tracking global sentiment on soft US jobs data
source : Bloomberg News Today ( Middle East ) () 29
European shares opened higher on Wednesday, mirroring global sentiment as a soft U.S. labour market data firmed bets of a rate cut from the Federal Reserve, ahead of the European Central Bank‘s key rate verdict later this week. The pan-European STOXX 600 was up nearly 0.5% as of 0723 GMT, rebounding from losses made in the previous session. Wall Street ended higher on Tuesday and Asian equities broadly rose on Wednesday after data showed U.S. job openings fell in April, signalling an easing labour market and firming bets of a Fed rate cut. Investor focus, however, remained on the ECB’s key interest rate decision on Thursday, where it is expected to ease borrowing costs by 25 basis points f

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