Thursday, 22 March 2018

Europe markets down post US Fed meet; BoE meet eyed

European indices were down after the US Federal Reserve raised the forecast of interest rate hikes in 2019 and 2020, citing improving economic growth.

Further, investors maintained a cautious stance ahead of Bank of England's decision on interest rates, due today. The central bank is expected to keep interest rate unchanged, though market participants will monitor the commentary for clues to a possible hike in May.

Caution also prevailed as concern about a trade war heightened after reports said US President Donald Trump is set to announce tariffs against China over intellectual-property violations.

CAC 405225.88-0.26
FTSE 100 Index7022.38-0.24

No comments:

Post a Comment