EU stocks open abruptly upper, emphasis on Fed; Dax hurdles 1.37%


European stocks opened sharply higher on Wednesday, as investors eyed the release of euro zone inflation data later in the day and amid growing expectations the Federal Reserve will hold off from raising interest rates this week. During European morning trade, the EURO STOXX 50 rallied 1.29%, France’s CAC 40 surged 1.34%, while Germany’s DAX 30 jumped 1.37%. Investors remained cautious amid speculation that mixed U.S. economic reports and recent volatility in global financial markets will prompt Read more [...]