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European markets set for lackluster start to the new trading week as markets await Fed decision
European indices open flat to slightly lower as traders price in an 87% chance of a 25-basis-point Fed rate cut this week, influencing global central banks' actions.
- European stocks are set to open flat to lower Monday, reflecting investor caution ahead of the U.S. Federal Reserve decision, while U.S. stock futures were near flat on Sunday.
- The packed central bank calendar includes the Swiss National Bank's Thursday update and Bank of England and ECB meetings on Dec. 18, adding policy uncertainty.
- With no major European earnings on Monday, the U.K.'s FTSE index is seen opening 0.1% lower, Germany's DAX and France's CAC 40 flat, and Italy's FTSE MIB down 0.17%.
- Friday's softer core PCE boosted U.S. markets, while German industrial production figures will provide another test amid central bank decisions.
- Traders price around a 0.17% chance of a 25-basis-point Fed cut this Wednesday, influencing upcoming policy decisions from the SNB, BOE, ECB, and BOJ.
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Two days from the decision of the U.S. Federal Reserve, investors are cautious. ...
·Brussels, Belgium
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One day before the US interest rate decision, Europe's equity markets are also more radio silenced, at least at index level.
The Ibex 35 kept a 0.18% decline in the average session of this Monday, festive in Spain, until 16,660 points, pending the monetary policy meeting of the Federal Reserve of the United States (Fed) on Wednesday, in which a reduction of interest rates is taken for granted. In the [...] The entry The Ibex 35 falls 0.18% at noon, until 16,660 points, before the expected drop of rates of the Fed appears first in Forbes Spain.
Coverage Details
Total News Sources13
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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