European Stock Markets to Open Lower as Markets Cautiously Await Fed Meeting

After ending the week in green, European stock markets are set to open lower on Monday over reduced expectations for aggressive rate cuts by the Federal Reserve in its upcoming meeting at the end of the month. So far, global markets’ sentiment continues to be dictated by the Fed as they look forward to the July 30-31 meeting.

In addition, escalating tensions in the Middle East following the capture of a British oil tanker in the Strait of Hormuz by Iran’s Revolutionary Guards could also weigh on financial markets at the start of this week.

UK politics are also expected to be in focus for European markets, with voting for the next Conservative Party leader closing later today. On Tuesday, Theresa May’s successor will be announced, bringing the attention back to Brexit once again.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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