European stock markets are up; PMIs have been inconsistent; and Nvidia results are expected afterwards.

European Stocks Indices Move Higher

Share  in european markets rose on Wednesday afternoon.  While traders paying close attention to crucial region’s development indicators.  In addition to Nvidia’s quarterly revenues.

By (07:30 GMT), the DAX index was 0.4 percent higher, the CAC 40 was 0.5 percent above. While the FTSE 100 in the United Kingdom was 0.3 percent stronger.

European markets are looking forward to the publication of flash figures of August PMIs. Covering the services and manufacturing industries on Wednesday. Providing an update on the European recovery in the economy. Euroland with UK PMIs were falling in the past few months. Owing to service industry stalemate with manufacturing output reduction.

France released data that was mixed on Wednesday, with the country’s manufacturing PMI rising higher than predicted despite. Remaining in negative zone, while the service sectors index falling marginally.

Similarly, the Eurozone’s biggest economy had its industrial sector PMI increase somewhat from a low foundation. While the service sector’s PMI fell towards negative region.

Today’s data might shed light on if the ECB is going to raise rates of interest further in Sept. And also if the BoE will go for a substantial increase since inflation stays elevated.

Later in the day, the euro area’s consumer confidence report for August is likely to reveal a minor increase over very low readings.

The heads of central banks meet in Jackson Hole.

The Federal Reserve’s Jackson Hole symposia towards the final day of the week. It is expected to sustain trading inside narrow bands this week. Because markets await clues as to where the Federal Reserve will go ahead regarding its approach to monetary policy.

Although Fed Chair Jerome Powell’s address on Friday is expected to serve as the main focus of the symposium, ECB President Christine Lagarde & BoE Governor Andrew Bailey are additionally scheduled to deliver remarks during the central bankers from across the world gather in Wyoming that day.

US Stock Indices and US dollar rates