Back
16 Dec 2015
European equities firmer ahead of Fed decision
FXStreet (Mumbai) - The stock markets across the Europe opened on a firmer note a tracking the risk-on in Asia ahead of the FOMC rate decision due later today.
The pan-European blue chip Euro Stoxx 50 index advanced 0.15% to 3245 levels. Among the regional indices, Germany’s DAX advanced 0.20%, France’s CAC was going nowhere. The London’s FTSE was up 0.27%.
The gains remain muted as investors await the FOMC rate decision. Analysts believe the rally in US and Europe indicates markets are fully pricing in the expected Federal Reserve interest rate hike. Markets are expecting a 25 basis point hike in the Fed funds rate.
The pan-European blue chip Euro Stoxx 50 index advanced 0.15% to 3245 levels. Among the regional indices, Germany’s DAX advanced 0.20%, France’s CAC was going nowhere. The London’s FTSE was up 0.27%.
The gains remain muted as investors await the FOMC rate decision. Analysts believe the rally in US and Europe indicates markets are fully pricing in the expected Federal Reserve interest rate hike. Markets are expecting a 25 basis point hike in the Fed funds rate.