Concerns about the Trump administration’s ability to enact its fiscal agenda were put on the back-burner in European trading, as focus turned instead to the start of the central bankers’ meeting in Jackson Hole. The dollar strengthened while stocks in Europe advanced.
Oil fell after jumping a day earlier, but held above $48.
Expectations for meaningful comments from the key speakers at Jackson Hole -- Federal Reserve Chair Yellen and European Central Bank President Mario Draghi -- seem fairly low.
Here are the main moves in markets:
Stocks
The Stoxx Europe 600 Index rose 0.4 percent as of 10:52 a.m. in London.
The U.K.’s FTSE 100 Index gained 0.4 percent to the highest in more than a week.
Germany’s DAX Index increased 0.3 percent.
Futures on the S&P 500 Index climbed 0.1 percent.
Currencies
The Bloomberg Dollar Spot Index increased 0.1 percent.
The euro dipped 0.2 percent to $1.1789.
The British pound gained 0.2 percent to $1.2822.
Commodities
West Texas Intermediate crude declined 0.4 percent to $48.20 a barrel.
Gold fell 0.4 percent to $1,286.27 an ounce.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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