European markets are expected to open in mixed territory Monday, as traders gear up for the final Federal Reserve meeting of the year.
The U.K.'s FTSE 100
index is expected to open 4 points lower at 8,292, Germany's DAX
up 36 points at 20,443, France's CAC
down 1 point at 7,401 and Italy's FTSE MIB
up 16 points at 34,876, according to data from IG.
The Fed's decision on Dec. 18 stateside is front and center for global markets this week, with the CME Fedwatch tool forecasting a 96% chance of a 25-basis-point cut by the central bank. Traders will be paying close attention to the updated policy statement and Fed Chair Jerome Powell's press conference for clues about the trajectory for interest rates.
In Europe Monday, investors will be keeping an eye on Berlin where a vote of confidence will take place in parliament Monday.
Chancellor Olaf Scholz is expected to call on the German parliament today to declare it has no confidence in him in order for snap polls to take place in February. The move comes after his governing coalition collapsed last month.
Data releases include flash services and manufacturing purchasing managers' index data from France and Germany.
Source: CNBC
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