US stock market sentiment improved as easing crude oil prices and softer U.S. Treasury yields helped offset hawkish signals from the Federal Reserve, which raised interest rates by 25 basis points to a target range of 3.75%–4.00% while leaving the door open for another rate hike later this year. Meanwhile, Saudi Arabia shut a key pipeline following drone attacks and postponed talks with Gulf states. For the week, the S&P 500 ( SP500 ) and Nasdaq COMP rose 0.7% and 2.6%, while Dow DJI shed 733 points. Across the Atlantic, the European equities SXXP ended the week 0.3% lower. On the data front, Eurozone inflation accelerated in August, reaching a multi-year high but coming in slightly below the initial estimate.
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