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Investors focus on Fed decision

LONDON – European stocks are expected to open sideways on Wednesday as investors focus on the Federal Reserve’s latest monetary policy decision.

UK FTSE Germany’s opening index was unchanged at 7,229 DAX 44 points higher at 15,527, of France CAC 40 up 17 points at 6,922 and that of Italy FTSE MIB 93 points higher at 26.652, according to data from IG.

Investors are focused on this week’s central bank action with the US Federal Reserve, the Bank of Japan, the Bank of England and the European Central Bank, all led by the public sector. make monetary policy decisions.

The Federal Reserve’s two-day policy meeting, where policymakers are expected to discuss accelerating the end of the bond-buying program, ends on Wednesday.

The central bank will release a report on Wednesday with quarterly forecasts for the economy, inflation and interest rates. Chairman Jerome Powell will also hold a press conference.

Investors will be closely watching comments surrounding whether the Fed plans to accelerate the end of its bond-buying program. Currently, the central bank’s asset purchase program will end in June 2022, but some officials talked about ending purchases earlier.

Latest CNBC Fed survey showed that investment experts and economists expect the Fed to ease asset purchases in March and begin raising interest rates in June.

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U.S. stock futures were steady in overnight trading on Tuesday as investors braced for the much-anticipated Federal Reserve decision.

In the Asia-Pacific market overnight, Mainland China markets traded muted on Wednesday as investors pored over key Chinese economic data. That includes industrial output in November, up 3.8% year-on-year, more than the 3.5% increase in October and better than the 3.6% expected in a visit. Reuters poll.

The data also showed retail sales in November rose 3.9 percent year-on-year, lower than October’s 4.9 percent increase and below expectations of 4.6 percent in a poll of Reuters.

Investor sentiment is set to remain cautious after the World Health Organization on Tuesday warned that the new Covid omicron variant is spreading faster than any previous strain, saying that the variant is probably present in most countries of the world.

Earnings came from Inditex and H&M on Wednesday. Released data includes inflation data for the UK, France, Spain and Italy for November and Greek unemployment data for October.

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– CNBC’s Jesse Pound, Weizhen Tan and Pippa Stevens contributed to this market report.

https://www.cnbc.com/2021/12/15/european-markets-investors-focus-on-fed-decision.html Investors focus on Fed decision

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