Wednesday, 08 July 2020
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European Markets Edge Higher Ahead of Fed's Decision
Wednesday, 29 April 2020 14:33 WIB | MARKET UPDATE |SahamEropaStoxx 600

European markets opened slightly higher Wednesday ahead of the latest monetary policy decision from the U.S. Federal Reserve.

The pan-European Stoxx 600 edged 0.2% higher in early trade, with autos and banks each adding 1.5% to lead gains while health care stocks slid by 1%.

Global markets are awaiting the outcome of the Fed™s two-day policy meeting that concludes Wednesday, although no action is expected from the central bank.

Nonetheless, U.S. stock futures rose in overnight trading, and stocks in Asia Pacific rose Wednesday in anticipation of guidance from the Fed on the future path of interest rates, with a gradual reopening of the economy in sight following the coronavirus pandemic. The Fed™s monetary policy decision is due at 2 p.m. ET.

Source : CNBC

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