European Stock Markets to Open Lower as Markets Cautiously Await Fed Meeting - Forex News by FX Leaders
Stocks Remain Soft

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

Posted Monday, July 22, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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