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European Shares May Drift Lower As Investors Await Central Bank Decisions

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

European stocks are likely to open on a subdued note Monday as investors look ahead to the interest rate decisions from the Federal Reserve, the European Central Bank and the Bank of England this week for directional cues.

The FOMC decision is due on Feb.1, with analysts expecting the U.S. central bank to slow the pace of interest rate hikes to 25 basis points.

Traders will pay close attention to the accompanying statement to see if there are chances of a soft landing for the economy.

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