fbpx

European markets flat ahead of key Fed decision

Soegeefx AppsEU MarketEuropean markets flat ahead of key Fed decision

Key Points

  • Investors around the world will be closely following the latest decision from the U.S. Federal Reserve on Wednesday.

  • Earnings came from Suez, BMW, Zalando, Lufthansa, Geberit, Wolters Kluwer, Next, Smurfit Kappa and Intesa Sanpaolo on Wednesday.

LONDON — European stocks were muted Wednesday morning as investors prepared for the latest comment and monetary policy decision from the U.S. Federal Reserve.

TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME
.FTSE FTSE 100 *FTSE 7266.21 -8.6 -0.12 30416363
.GDAXI DAX *DAX 15941.91 -12.54 -0.08 4343564
.FCHI CAC 40 Index CAC 6929.02 1.99 0.03 5114675

The pan-European Stoxx 600 hovered around the flatline in early deals, with oil and gas stocks dropping 1.8% while miners gained 1.4%.

Investors around the world will be closely following the latest decision from the U.S. Federal Reserve on Wednesday.

Following the Federal Open Market Committee’s two-day meeting, the central bank is widely expected to announce it will begin to wind down its $120 billion in monthly bond purchases and end the program entirely by the middle of 2022.

The Fed’s comments on rising prices will also be in focus, as inflation has been running at a 30-year high. US stock futures were flat ahead of the Fed’s decision while in Asia-Pacific overnight, markets were mixed.

Stock picks and investing trends from CNBC Pro:

JPMorgan is backing these 10 stocks for the year ahead

These are Goldman Sachs’ new favorite dividend-growing stocks

small caps hit new high, look set to break out and drive broader market gains

Elsewhere, the COP26 climate summit in Glasgow continues on Wednesday. U.S. President Joe Biden said Tuesday that one of the most important things the world can do is reduce methane emissions as quickly as possible.

“It’s one of the most potent greenhouse gases there is,” he told COP26 attendees at the launch of the Global Methane Pledge, a pact to cut methane emissions by 30% by the end of the decade. “It amounts to about half the warming we’re experiencing today.”

Earnings came from Suez, BMW, Zalando, Lufthansa, Geberit, Wolters Kluwer, Next, Smurfit Kappa and Intesa Sanpaolo on Wednesday.

Key data releases include the euro zone’s unemployment rate for September and the single currency area’s business climate data for October.

Source : CNBC

You might also like

Leave a Reply




Enter Captcha Here :