U.S. stocks have opened higher, indicating a positive start to the trading day. The Federal Reserve is expected to maintain one additional interest rate hike in its 2023 dot plot, according to market analysts. Shares of Just Eat and Delivery Hero have seen a surge in early trading following a U.S. federal judge ruling on delivery fee caps. European-listed shares of Delivery Hero and Just Eat have also risen by 7% after a district judge’s ruling allowed food groups to sue New York City over meal delivery fees. Baloise and Talanx, two insurance companies, have experienced a decline in their stock prices due to disappointing first-half results and a capital increase, respectively. European markets have opened cautiously higher as investors eagerly await the U.S. Federal Reserve’s latest monetary policy decision. UK inflation has fallen below expectations to 6.7% in August. The Federal Reserve’s “dot plot” and Chair Powell’s press conference will be closely watched by traders, as it will provide insights into the future direction of interest rates. Falling house prices and rising rents in the UK are expected to benefit two specific stocks. Analysts predict that these stocks have the potential to grow by more than 60% over the next 12 months. Raymond James Investment Management’s Matt Orton believes that one tech giant is currently undervalued and the most affordable among other mega-cap names. European markets are expected to open in mixed territory. Key data in Europe includes UK inflation data for August and new car registrations in various countries.
