European stocks stable before Fed

News Image

By MG News | July 31, 2019 at 12:50 PM GMT+05:00

0:00

July 31, 2019: Europe's main stock markets steadied in early trade on Wednesday ahead of a US Federal Reserve interest rate decision, after the previous day's dramatic slump.

"Investors are showing signs of caution ahead of the Fed decision today," said analyst Neil Wilson at trading site Markets.com.

In initial deals, London's benchmark FTSE 100 index of major blue-chip companies was down 0.2 percent at 7,632.69 points compared with Tuesday's close.

The Paris CAC 40 index was flat at 5,511.49 points and Frankfurt's DAX 30 also barely budged at 12,148.42.

European equities had slumped Tuesday on underwhelming corporate results and sour economic data.

The US central bank is expected to cut interest rates on Wednesday but investors are not sure how big the cut will be.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,820.00 110,455.00
105,440.00
4070.00
3.85%
BRENT CRUDE 69.13 69.21
66.94
2.02
3.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.53 67.58
65.23
2.08
3.18%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 02, 2025 at 11:05 PM GMT+05:00

Cement sales flat in FY25


July 02, 2025 at 10:50 PM GMT+05:00

SBP reserves cross $14bn mark in FY25


July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg