Dipo Olowookere
By Investors Hub
European stocks are mostly higher on Tuesday as investors shrug off U.S. President Donald Trump’s remarks lamenting the Federal Reserve’s interest rate increases.
The dollar has fallen against the euro and pound after Trump accused China and Europe of manipulating their currencies and criticized the Fed for raising interest rates.
Investors also await the outcome of trade talks between the United States and China, a day after Trump said he doesn’t expect much progress from the talks.
While the U.K.?s FTSE 100 Index is just above the unchanged line, the German DAX Index is up by 0.7 percent and the French CAC 40 Index is up by 0.8 percent.
Nokia has advanced after announcing licensing rate expectations for 5G mobile phones.
Russian mining company Polymetal has also moved higher after posting solid first-half earnings results.
Oilfield services firm Wood Group has jumped after its first-half profit came in at the higher end of its forecast on increased revenues.
Meanwhile, BHP Billiton has fallen in London. After reporting a 33 percent rise in full-year underlying profit, the company said it was “a little more apprehensive” on the short-term outlook.
