Europe open: Shares up on Fed comments, InBev Aussie sale
By Frank Prenesti
Date: Friday 19 Jul 2019
(Sharecast News) - European shares opened higher at the end of the week on the back of stronger sessions in the US and Asia and renewed hopes of more monetary easing from the US Federal Reserve.
The pan-European Stoxx 600 was up 0.56% at 389.03, with all major bourses in positive territory.
Investors took heart from New York Fed President John Williams overnight who said policymakers needed to tackle too-low inflation early with extra stimulus rather than "wait for disaster to unfold".
Williams was talking as the Federal Open Market Committee was expected to cut its benchmark interest rate during the July 30-31 meeting.
In corporate news, shares in brewer Anheuser-Busch InBev rose 4.48% after the Budweiser maker agreed to sell its Australian operations to Japan's Asahi.
Acacia Mining shares surged as it agreed to be bought by Barrick Gold in a deal that values the UK gold miner at about £951m and concludes two months of fractious talks between the companies.
Publicis shares led the fallers as after the advertising group on Thursday cut 2019 growth guidance after a weaker-than-expected second quarter performance.
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