(Bloomberg) — European stocks rose, tracking a record S&P 500 close, on optimism about US interest-rate cuts after Federal Reserve Chair Jerome Powell said inflation is getting back on a downward path.
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Shares in most European industry groups were in the green as the regional Stoxx 600 index advanced 0.5%, led by miners and technology companies. The spotlight continues to be on politics, on the eve of elections in the UK. In France, the benchmark CAC 40 index rose as anti-National Rally parties attempt to prevent Marine Le Pen’s far-right group from achieving an absolute majority in the next round of legislative voting.
US equity futures were steady ahead of a session on Wall Street that will be shortened because of the July 4 holiday. The S&P 500 (^GSPC) closed above 5,500 for the first time on Tuesday, its 32nd record this year. The Nasdaq 100 also set an…
