Microsoft Corp MSFT:NASDAQ

Last Price$255.78Cboe Real-Time Last Sale as of 12:07PM ET 7/01/22
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Today's Change-1.05(0.41%)
Bid (Size)$255.76 (50)
Ask (Size)$255.80 (1)
Day Low / High$254.61 - 258.97
Volume7.8 M

European Bourses Track Higher Midday on Federal Reserve Outlook

7:37AM ET 5/26/2022 MT Newswires
European bourses tracked higher midday Thursday after minutes from the US Federal Reserve's May 4 policy meeting, released Wednesday, indicated 50-basis-point rate hikes are likely at pending meetings in June and July. Oil and property issues gained, while consumer issues slackened.

Market observers also weighed a pre-bell New York futures flashing green, and uneven closes overnight on Asian exchanges.

British Chancellor of the Exchequer Rishi Sunak will announce plans to help UK households with energy bills, reported The Guardian. Sunak may offer up to 600 pounds to 8.4 million of the country's poorest households.

The pan-continental Stoxx Europe 600 Index was up 0.2% mid-session.

The Stoxx Europe 600 Technology Index was steady, but the Stoxx 600 Banks Index rose 0.3%.

The Stoxx Europe Oil and Gas Index rose 0.9%, and the Stoxx Europe Food and Beverage Index fell 0.2%.

The REITE, a European REIT index, was up 0.8%, while the Stoxx Europe 600 Insurance Index gained 0.3%.

On the national market indexes, Germany's DAX was up 0.9%, the FTSE 100 Index in London was flat and the CAC 40 in Paris was up 0.8%. Spain's IBEX 35 was up 1%.

Yields on benchmark 10-year German bonds were steady near 0.95%.

Front-month Brent crude oil futures were 0.5% higher at $111.69 per barrel.

The Euro Stoxx 50 volatility index fell 3% to 26.20 still indicating above-average volatility for European stock markets in the next 30 days, although lower than early March when the index tipped at 50. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.