India, Feb. 6 -- European stocks are likely to open higher on Thursday as trade war fears eased, and U.S. Treasury Secretary Scott Bessent said that President Donald Trump is not directly calling for the Federal Reserve to lower rates.
If energy prices are brought down, the tax-cut extensions the administration is working toward are enacted, and the economy is deregulated, "then rates will take care of themselves, and the dollar will take care of itself," Bessent said.
Meanwhile, after Trump's offer to 'take ownership' of Gaza Strip drew international outrage, the White House clarified that he didn't mean putting the boots on the ground and U.S. forces won't be entangled in the issue.
Media reports suggest that Trump's plan to end the bl...