European stocks are expected to open cautious amidst an anxious wait to the U.S. Fed's virtual conference later in the week. The Fed speakers are widely expected to indicate a plan for gradual roll-back of the massive asset purchase programs that have served as stimulus for economic growth as pandemic ravaged world economies.
Overnight, the U.S. benchmarks had closed with modest gains as sentiment lay tethered to talks of the tapering timeline. Nasdaq-100 had closed at 15357.68, around 0.29 percent better than the previous close whereas Dow Jones Industrial Average ended at 35366.36, higher than the previous close by just 0.09 percent.
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