European stocks close slightly lower as markets look ahead to Fed meeting
Publishing timestamp: 2024-03-18 12:56:50
Summary
European markets had a lackluster start to the new trading week as investors looked ahead to the U.S. Federal Reserve's next meeting. The Fed is expected to hold interest rates steady, but there is speculation about a potential rate cut in June. U.S. stocks moved higher on Monday, led by gains in Nvidia. European markets closed slightly lower, with the Stoxx 600 down 0.1%. Central banks are expected to make progress in cutting interest rates this year. UBS predicts that companies using technology to disrupt sectors will be favored in the next decade. Japan's Nikkei 225 rose more than 2% on Monday, with Rakuten Group being the largest gainer. Crude oil futures fell slightly on Friday but gained for the week. European markets are set to start the week slightly higher.
Sentiment: MIXED
Tickers: .STOXX, .FCHI, NVDA, .GDAXI, RKT-GB, .N225, PHNX-GB, ALO-FR, @LCO.1, .FTMIB, 4755.T-JP, 4519.T-JP, 7201.T-JP, .FTSE, @CL.1,
Keywords: united states, prices, business news, stoxx 600, breaking news: europe,
Source: https://www.cnbc.com/2024/03/18/european-markets-live-updates-stocks-news-data-and-earnings.html