European stocks stable before Fed

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	179,034.93 513.44M	1.52% 2679.44
ALLSHR	107,392.74 1,107.91M	1.22% 1297.66
KSE30	55,017.41 279.74M	1.86% 1007.08
KMI30	254,699.07 209.00M	1.60% 4013.10
KMIALLSHR	69,477.96 622.48M	1.19% 818.48
BKTi	50,802.42 123.06M	2.40% 1189.90
OGTi	36,086.91 28.98M	2.36% 830.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,465.00	92,665.00 91,595.00	2275.00 2.52%
BRENT CRUDE	60.89	60.99 60.00	0.14 0.23%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.38	57.50 56.56	0.06 0.10%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%