Stocks, Euro Edge Higher as Markets Watch Jackson Hole

August 25th, 2022

Awake Goy

LONDON—Share markets pushed higher and Europe’s bond markets and euro stole a breather from energy-price driven sell-offs on Thursday, as investors waited to hear the latest reaction of the world’s top central bankers to soaring inflation.
Asia had tailgated Wall Street higher overnight and Europe’s bourses did the same as oil and gas stocks made another 1.5 percent jump amid intensifying worries of a Russian gas supply crisis.
GDP data from the continent’s largest economy, Germany, had brought relief too. News the country had narrowly avoided a contraction in the second quarter also helped lift the battered euro back above parity against the U.S. dollar…. Source