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European Stocks Flat Ahead Of Federal Reserve Announcement

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks were mixed on Tuesday, as markets remained skittish ahead of the Federal Reserve's highly-anticipated interest rate announcement following tomorrow's session.

The Fed are widely expected to keep interest rates at zero, but traders will be paying close attention to an accompanying statement for clues about when a massive bond buying plan will be scaled back.

Upbeat economic news from Germany helped some of the major average slightly higher. The nation's ZEW consumer sentiment index came in at 38.5 in June, topping forecasts of 38.1.

Germany's DAX rose 0.04 percent to 8218.96, London's FTSE 100 added 0.56 percent to 6366.10, but France's CAC edged lower by 0.2 percent to 385.93.

Banking stocks were mostly higher across Europe, but shares of Danske Bank fell about 6 percent after Danish officials warned that company needs to raise capital.

Libert Global has made a formal offer for Germany's Kabel Deutschland, driving shares of KD higher by 3.7 percent.

In the U.K., Whitbread stock rose more than 3 percent on news of a first-quarter increase in sales.

Corporate IT specialist Aveva shares rose 5.4 percent on a buy recommendation from Citigroup.

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Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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