European markets opened in the negative on Tuesday as central banks took center stage this week.
British FTSE 100 German stocks are expected to open 18 points lower at 8,240 German DAX Index France fell 22 points to 20,291 CAC Down 12 points to 7,342 points, Italy FTSE MIB It fell 129 points to 34,618 points, according to IG data.
The Federal Reserve’s last two-day policy meeting will kick off on Tuesday, and the Federal Reserve’s monetary policy decision on December 18 will become the focus of global markets.
Traders reportedly see a 95% chance of a 25 basis point rate cut on Wednesday CME Group’s FedWatch Tool. Investors will also look to Chairman Powell’s post-meeting press conference for clues on future policy moves.
The Bank of England meets on Thursday and so far markets are pricing in a slim chance of an eventual rate cut this year.
In other news, Chancellor Olaf Schulz’s invitation failed in a vote of confidence in the German parliament on Monday, paving the way for a snap election on February 23. election. The move follows the collapse of his coalition government last month.
overnight, Asia Pacific market Trading was mixed on Tuesday, while US stock futures It was slightly lower Monday night.
European data releases on Tuesday will include UK unemployment data and Germany’s Ifo business sentiment and economic sentiment index. There are currently no major financial reports to be released.
