European markets are expected to open mixed on Monday as traders prepare for the final Federal Reserve meeting of the year.
British FTSE 100 German stocks are expected to open 4 points lower at 8,292 German DAX Index France rises 36 points to 20,443 CAC Down 1 point to 7,401, Italy FTSE MIB It rose 16 points to 34,876, according to IG data.
The Federal Reserve’s decision in the United States on December 18 is the focus of global markets this week. The CME Fedwatch tool predicts that the probability of the Federal Reserve cutting interest rates by 25 basis points is 96%. Traders will closely monitor the latest policy statement and Federal Reserve Chairman Jerome Powell’s press conference for clues on the path of interest rates.
In Europe, investors will be keeping a close eye on Berlin on Monday, where parliament will hold a vote of confidence. German Chancellor Olaf Scholz is expected to call on the German parliament today to declare no confidence in him in order to hold early polls in February. The move follows the collapse of his governing coalition last month.
Data releases include quick services and manufacturing PMI data from France and Germany.
