European stocks wrap up week on a high note; focus shifts to Fed
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
France's inflation at 0.2% in Aug.
AstraZeneca down after Deutsche Bank downgrades
Worldline plunges on another guidance cut, CEO exit
STOXX 600 up 0.7%
Updated at 1550 GMT
By Shubham Batra
Sept 13 (Reuters) -European stocks rounded off the week on a positive note, supported by technology, real estate and mining shares, while investors shifted their focus to the U.S. Federal Reserve ahead of a long-awaited monetary easing at its meeting next week.
The pan-European STOXX 600 index .STOXX was up 0.7% at 515.75 points on the day, while notching up gains of more than 1% for the week.
German shares .GDAXI outperformed European peers with a nearly 1% jump, boosted by a rise in shares of Siemens Energy .ENR1n.DE and SAP SAPG.DE.
France's CAC 40 .FCHI rose 0.4% after consumer prices in the region's second-largest economy rose 2.2% year-on-year in August, in line with its preliminary reading.
Autos .SXAP were the top gainers among sectors, jumping 1.6% to log their best day in over a month.
Technology .SXKP and real estate .SX86P gave the market its biggest boost, followed by miners .SXPP that advanced 1.3%, as copper prices hit a two-week high on buying ahead of a Chinese holiday and amid stimulus hopes. MET/L
After the European Central Bank (ECB) lowered its deposit rate to 3.5% on Thursday, policymakers do not see an interest rate cut in October, barring a major deterioration in the outlook for growth, sources told Reuters.
Two of the ECB's policymakers -- Francois Villeroy de Galhau and Joachim Nagel -- expressed confidence on Friday about the prospect for lower inflation and interest rates in the euro zone.
Investors are now betting on the size and extent of the rate cut by the U.S. central bank next week, with money markets seeing a nearly 40% chance for a 50-bp reduction on Sept. 18.
"We're still expecting the Fed to cut by 25 basis points. But we're so far from neutral right now that a 50 basis point cut should not be seen as a sign of danger on the horizon. So in that sense, it's entirely possible that they will make a more sizable cut next week," said Gene Salerno, chief investment officer at SG Kleinwort Hambros.
Former chief of the New York Fed Bill Dudley said he thought there was a strong case for a 50-bp cut.
Among other movers, heavyweight AstraZeneca AZN.L fell after Deutsche Bank cut the stock's rating to "sell" and lowered its price target on Friday.
Worldline WLN.PA shares dropped 14.4% to an record low, after another profit warning and announcement of the departure of its CEO.
Reporting by Shubham Batra in Bengaluru; Editing by Sherry Jacob-Phillips, Mrigank Dhaniwala and Jane Merriman
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
