Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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European Markets placid awaiting Fed’s Decision

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European Markets are expected to hold on Wednesday after investors await the outcome of US Fed Reserve’s two day policy meeting.

Global markets are awaiting the Fed Rate announcement, which is expected to raise the rates by 25 basis points. Market analysts have expected the rates to go up as growth has shifted the momentum in the US Economy backed by rise in consumerism and positive overall sentiment of the business.

Investors are also awaiting the comments of Policy Members on how they plan to shift and adjust to the change in tax rates. Trump Administration has promised a tax overhaul as one of key campaign promises last year.

The Bank of England and European Central Banks are also expected to announce the Monetary Policy Decisions on Thursday.

Meanwhile in Asia, the markets were mixed as well with investors awaiting the outcome of Fed Policy Meeting.

In other news, the geopolitical tensions will be the top point on the Agenda for South Korean President who has left for China on an official visit. US THAAD Missile Deployment in South Korea, North Korean Weapons Program are some of the top items to be discussed during the meeting. 

Posted on: 2017-12-13T11:57:00+05:00