Tuesday was a good day for Wall Street as indices climbed higher and ended the session in green. The Asian session on Wednesday was subsequently positive too, with stocks in Asia-Pacific climbing higher on the optimism from the previous day.
Stock markets received a boost after Fed Chair Powell hinted at the Fed intervening to ease monetary policies if economic conditions continue to deteriorate. This caused a renewed interest among investors towards stocks.
If this continues into today’s European session, we could expect a good day of trading in European indices as well. However, composite and services PMI figures are due from the Euro area later today, which could weigh on the stock markets.