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- European stocks close: stocks closed higher ahead Yellen’s speech
European stocks close: stocks closed higher ahead Yellen’s speech
Stock closed slightly higher ahead a speech by the Fed Chairwoman Janet Yellen later in the day. She will speak at Harvard University. Market participants hope for hints for further interest rate hikes.
Several Fed officials said in the recent days that an interest rate hike in June or in July would be appropriate. These comments added to speculation that the Fed may raise its interest rate in June.
No major economic reports were released in the Eurozone today.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,270.79 +5.14 +0.08 %
DAX 10,286.31 +13.60 +0.13 %
CAC 40 4,514.74 +2.10 +0.05 %
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