'The prospect of low rates for longer is music to the ears of equities, as firms benefit from lower borrowing costs,' said Jasper Lawler at London Capital Group.
US futures and European stocks are up in anticipation of the Federal Reserve cutting its forecast for interest-rate hikes this year.Traders drove US futures and European stocks higher on Tuesday as they anticipated the Federal Reserve would commit to just one or even zero interest-rate hikes this year.
"Owing to a weaker run of economic data, the Fed are expected to rein in the number of expected interest rate rises, which currently sits at two across the year," said Jasper Lawler, head of research at London Capital Group."Close attention will also be paid to any plans to run down the balance sheet and the Fed's economic forecasts."
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