Saturday, Nov 28, 2020
International Finance
Markets

European markets to have a low start for the week

European markets, Fed, Dow Jones industrial average, S&P 500 Index, Nasdaq, Brexit, EU
As the week begins, investors can look forward to a trading week

The European markets will have a low start as the market opens on Monday, with investors anticipating a trading week in which the Federal Reserve will have higher interest rates, reports CNBC.

As stated by IG, the FTSE 100 will be 16 points lower standing at 7,143, the CAC 40 is expected to open around 14 points lower at 5,258 and the DAX will possibly open 47 points lower at 12,359.

Although Wall Street had a bounce on Friday, it had a low close for the week. Dow Jones industrial average, S&P 500 Index and the Nasdaq were low by more than one percent.

As per the industrial speculations, there is possibility that on Wednesday the US central bank will increase interest rates to 1.75%, up from 1.5%. The Fed has also indicated that there will possibly be three more climbs in rate in the current year.

Representatives from Britain and Europe will hold a meeting in Brussels later this week to hold Brexit discussions prior to an EU summit.

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.