European stock markets saw gains on Tuesday, as investors turned their focus to central bank developments and monitored the Middle East conflict.
The DAX index in Germany rose by 1.2%, the CAC 40 in France climbed 1.2%, and the FTSE 100 in the UK increased by 0.8%.
Central Bank Speakers Boost Confidence
Global equity markets experienced a degree of calm, with European indices rebounding from previous losses.
Federal Reserve officials made relatively dovish comments, soothing market nerves. Fed Vice Chair Philip Jefferson suggested the central bank could proceed cautiously regarding further rate increases.
Dallas Fed President Lorie Logan hinted that rising Treasury yields might deter the Fed from additional rate hikes.
Upcoming events include more speeches from Fed officials, the release of September’s monetary policy meeting minutes, and Thursday’s US CPI data.
IMF and World Bank Meetings, ECB President Appearance
The IMF and World Bank annual meetings in Morocco began, with European Central Bank President Christine Lagarde scheduled to appear.