European equities seen higher after key Fed speech

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European stocks are set to open higher as investors digest a major policy shift by the U.S. Federal Reserve, and continue to monitor coronavirus news.

Back in Europe, the French central bank chief, Francois Villeroy de Galhau, said that any revision to the bank's growth forecasts for 2020 would be higher. The final reading for how the French economy performed in the second quarter is due at 7:45 a.m. BST. There will also be consumer spending figures out of France at the same time.

Sticking with data, Spain will release retail sales at 8 a.m. BST and Italy will publish consumer confidence numbers at 9 a.m. BST.received a green light from the European Central Bank to set up its plan to clean up bad loans, Reuters reported., as of August 27, there have been 2.1 million reported cases of Covid-19 in Europe and the U.K. Spain is the country with the highest 14-day cumulative number of cases.

 

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