European shares rise as doubts linger over September U.S. rate hike

martes 30 de agosto de 2016 04:28 GYT
 

* Europe's STOXX 600 index up 0.4 pct

* Wire Card rallies on upgrade

* Bunzl also gains after results

* Ackermans & Van Haaren falls after weak H1 (Adds quote and detail, updates prices)

By Kit Rees

LONDON, Aug 30 (Reuters) - European shares rose on Tuesday as investors pared back some of their earlier expectations that the U.S. Federal Reserve could hike interest rates in September.

The pan-European STOXX 600 was up 0.4 percent, having fallen in the previous session on worries that a U.S. rate hike could come as soon as September following a speech from Fed Chair Janet Yellen last week and hawkish comments from Vice Chair Stanley Fischer.

The implied probability that the U.S. Fed will hike interest rates in September had fallen back to 36 percent.

"Over the last couple of days ... those chances (of a U.S. rate hike) have been reduced back to where we were before, before Yellen's comments on Friday," Dafydd Davies, partner at Charles Hanover Investments, said.   Continuación...