25 Apr 2016
European equities open weak and slide further
In tandem with the fall in Asian equity markets, the European markets lost ground on Monday with losses of anywhere between 0.5% to 1.3%.
The German DAX is trading with a steep loss of 0.9% and the French equity index, CAC 40 is trading with a cut of around 0.6%. The Italian equity market index, FTSE MIB, is trading with deeper loss of over 1% during initial hour. The broader Eurpoean indiex, Stoxx 600, which tracks 600 publicly-traded companies 18 EU countries, has registered a loss of around 0.45%.
Focus on central banks action
Investors this week shift their focus on important central banks monetary policy meeting outcome. The US Federal Reserve, the Bank of Japan (BoJ) and the Reserve Bank of New-Zealand (RBNZ) are all set to meet during the course of this week. The BoJ is expected announce further easing while the Fed is expected to stand pat at this week's policy meeting. However, markets will closely scrutinize the accompanying statement in order to evaluate the possibilities of a Fed rate-hike in the month of June.
The German DAX is trading with a steep loss of 0.9% and the French equity index, CAC 40 is trading with a cut of around 0.6%. The Italian equity market index, FTSE MIB, is trading with deeper loss of over 1% during initial hour. The broader Eurpoean indiex, Stoxx 600, which tracks 600 publicly-traded companies 18 EU countries, has registered a loss of around 0.45%.
Focus on central banks action
Investors this week shift their focus on important central banks monetary policy meeting outcome. The US Federal Reserve, the Bank of Japan (BoJ) and the Reserve Bank of New-Zealand (RBNZ) are all set to meet during the course of this week. The BoJ is expected announce further easing while the Fed is expected to stand pat at this week's policy meeting. However, markets will closely scrutinize the accompanying statement in order to evaluate the possibilities of a Fed rate-hike in the month of June.