Europe stocks were seen trading flat on Tuesday ahead of the highly-anticipated Federal Reserve’s (Fed) meeting, with analysts expecting an announcement of the scale-back of the bank’s asset-purchasing program. The meeting is expected to start later in the day.
Futures of the European Euro Stoxx 50 dropped 0.07% lower at 2,874.50 at the time of writing, while futures for the German DAX lost 0.09% to 8,608.30 at the same time. Futures for the French CAC 40 declined 0.09% to 4,138.80 and the UK FTSE futures edged 0.15% lower to 6,582.50.
The Federal Reserve’s (Fed) two-day meeting is expected to start later today. Investors and Analysts are focused closely to pick up any hints on when the central bank will begin to scale-back its $85 billion monthly asset-purchasing program. Analysts are expecting the Fed’s meeting to announce a $10-billion scale-back on its current monthly stimulus program.
Markets are still mixed on the issue, however some economists predict the Fed will postpone its decision until December.
Europe Stocks – Economic News
In Europe, the ZEW German Economic Sentiment index for September is expected to show an improvement in the region’s economy. Analysts are predicting a rise from last month’s reading of 42 point to 45 points. The ZEW is expected to show a rise to 20 points from the previous recorded 18.3.
The ZEW Economic sentiment for the Eurozone as whole is expected to show a rise to 47.2 points in September.
July’s current account data for the Eurozone as whole is expected to show a seasonally-adjusted surplus of €18.3 billion, up from June’s recorded €16.9 billion.
Meanwhile in Spain, the government is expected to auction Treasury bills maturing in 6 and 12 months to raise a target of €4.5 billion.
The post Europe Stocks Trades Flat; Fed Meeting In Spotlight appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog
