The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
A key worry for some is whether libra competes with sovereign currencies like the dollar.Technologyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
awaited@ (For a live blog on European stocks, type LIVE/ in an Eikon news window)
* Powell fuels rate cut hopes
* ECB minutes expected at 1130 GMT
* Reckitt Benckiser jumps, agrees to settle U.S. probe
* Swiss stocks underperform major European indexes (Updates prices, adds comment)
July 11 (Reuters) - European shares were set to snap four days of losses on Thursday, after U.S. Federal Reserve Chair Jerome Powell's dovish comments cemented hopes of an interest rate cut this month, even as trade frictions between France and the United States rose.
While strong U.S. jobs data last week led investors to trim bets of a 50 basis points rate cut by the Fed in July, Powell's remarks saw interest rate futures pricing in greater odds of an aggressive rate cut this month.
The pan-European stocks benchmark rose 0.3% on broad-based gains after accumulating losses of 1.4% over the last four sessions. The release of Powell's prepared remarks had lifted stocks briefly into the positive territory on Wednesday, but they closed lower.
Records from latest meeting of Fed policymakers showed heightening fears that a U.S.-China trade war was posing a serious risk of ending the economic expansion by pushing growth and inflation lower.
U.S. President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.
Meanwhile, the European Central Bank is scheduled to release at 1130 GMT minutes of its last meeting when chief Mario Draghi took a sharp dovish stance, pushing stock markets higher.
"What we're expecting is the ECB to continue point to downside risks to economic outlook in Europe, especially on the industrial and export oriented side, and risks stemming from weakened inflation expectations," said Holger Schmieding, chief economist at Berenberg.
Data on Thursday showed annual inflation in the euro zone's biggest economy accelerated in June, but remained below the ECB's target.
"The ECB and the Fed are the two most systemically important central banks in the world... I would think that global markets are benefiting from them taking a suitably dovish tilt in the presence of fairly significant political risks."
The STOXX 600 has recouped its May losses stemming from a sudden escalation in U.S.-China trade tensions, gaining around 6% since then, largely on expectations that major central banks will adopt a looser monetary policy.
Among stocks, Britain's Reckitt Benckiser was among the biggest boosts after agreeing to pay up to $1.4 billion to resolve U.S. federal probes in connection with the sales and marketing of an opioid addiction treatment by its former prescription drugs business Indivior.
German pharma firm Gerresheimer AG was the top gainer on the main index, up 8.8% after confirming revenue guidance for the year after posting strong second quarter results.
Energy stocks gained, tracking oil prices that hit six-week highs.
Meanwhile, Swiss stocks underperformed as chemical company Sika slid 4.1% after a UBS downgrade to 'sell', while reinsurance group Swiss Re slipped after suspending plans for a $4.1 billion initial public offering of British life insurer ReAssure. (Reporting by Susan Mathew and Amy Caren Daniel in Bengaluru; Editing by Bernard Orr and Arun Koyyur)