European stock futures rise as bank sector, Fed Meeting take spotlight
European stock markets went up on Tuesday as the Federal Reserve’s two-day meeting and the earnings season report take the spotlight, with investors remaining in cautious trading mode.
Germany’s DAX futures contract was up 0.1%. CAC 40 futures contract in France also added 0.1%. The FTSE futures contract in the U.K. improved 0.1%.
In Wall Street, Monday’s trading session went largely bullish, with the S&P 500 and NASDAQ Composite closing at record highs.
Asian markets were unable to follow suit as Japan’s Nikkei fell 0.4% lower. This as new coronavirus infections remained a concern in the region even as the Bank of Japan kept its policy rate and took a brighter view on growth.
European markets are poised to follow the U.S. lead. Gains, however, look light with many investors stuck to the sidelines ahead of the latest Fed meeting. Moreover, the Federal Reserve is widely expected to keep rates steady and asset purchases unmoved.