European stock markets dwindle as investors digest Fed Minutes

19.05.2021 - Evdokimov Roman
European stock markets dwindle as investors digest Fed Minutes

European stock markets opened Wednesday trade sharply lower as Wall Street was on a selloff overnight amid pressing concerns over inflation and future Federal Reserve policy.

Germany’s DAX futures contract lowered 0.2%. CAC 40 futures in France dipped 1.2% and the FTSE 100 futures contract in the U.K. dropped 0.9%.

Wall Street’s major indices lost their early gains, suffering a sharp selloff towards the end of the trade session. The major stocks ended in the red due to investors fearing holding these growth companies into the release of the minutes of the last Federal Reserve meeting.

Investors will scrutinize the Fed’s April meeting minutes as soon as they are publicized later Wednesday to get hints about the central bank’s stance in considering cutting back its bond purchases. This move is seen to cause an interest rate hike.

In other news, gold futures gained 0.3% to $1,874.10/oz, while EUR/USD rose 0.2% at 1.2240.

 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?