European stock markets nudged higher mid-week as investors braced for an expected interest-rate cut by the U.S. Federal Reserve, focusing on upcoming signals from the Fed chair about future monetary policy. The STOXX 600 index posted slight gains, bouncing back from a recent one-week low as tech-focused names like SAP and Prosus led the rally, each advancing nearly 2%.Markets seem to have largely priced in a 25-basis-point rate cut in response to signs of softness in the U.S. labor market. Yet, all eyes remain on the Fed’s subsequent guidance to assess whether economic tightening has truly eased or if more adjustments lie ahead.On the corporate front, PostNL stood out with a strong jump after unveiling a reorganized strategy, splitting its Parcels business into separate E-commerce and Platforms units starting next year. Novo Nordisk also drew attention after it was upgraded by analysts, pushing its share price higher. These moves highlight optimism among investors for companies seen as well-positioned to weather policy shifts.As Europeans wait for the Fed’s announcement, the sentiment is cautiously optimistic. Rate-sensitive sectors show promise, while commentators warn that much depends on how dovish or hawkish the upcoming Fed welcome might be. The interplay between U.S. policy decisions and European corporate performance could set the tone for global market momentum.
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