European stocks drop with eyes on US Fed
LONDON – European stock markets mostly dropped yesterday ahead of a speech by the new head of the Federal Reserve, Kevin Warsh, that could indicate the timing of likely US interest-rate rises. “Wall Street also looks set for a more subdued session, with futures pointing to declines for both the S&P 500 and the Nasdaq... The post European stocks drop with eyes on US Fed appeared first on New Era .
LONDON – European stock markets mostly dropped yesterday ahead of a speech by the new head of the Federal Reserve, Kevin Warsh, that could indicate the timing of likely US interest-rate rises.
“Wall Street also looks set for a more subdued session, with futures pointing to declines for both the S&P 500 and the Nasdaq after yesterday’s strong gains,” noted Susannah Streeter, chief investment strategist at Wealth Club.
“After the recent rally, investors are catching a breath, with profit-taking looking likely as attention turns back to the outlook for US interest rates,” she said.
