Wednesday saw uneven European stock prices as investors responded to U.K. inflation statistics and anticipated the U.S. Federal Reserve’s most recent monetary policy announcement.
By 8:45 a.m. London time, the Stoxx 600 was largely unchanged, with sectors trading in a range of positions.
New data released Wednesday indicated that U.K. inflation increased to 2.6% in November, which was consistent with forecasts. When the Bank of England meets Thursday for its last monetary policy meeting of the year, it is generally expected to keep interest rates unchanged.
Investors are anticipating a monetary policy update from the other side of the Atlantic, as the Fed is scheduled to do so on Wednesday. Traders are pricing in a 95% possibility of a quarter-point drop from the central bank.
Investors are eager to learn more about potential developments in the coming months, so they will be closely monitoring Fed policymakers’ Summary of Economic Projections and Fed Chair Jerome Powell’s news conference.
Source (CNBC)
