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European Stocks Open Cautiously Higher as Investors Await Crucial Fed Meeting

Monday, 17 June 2019 14:26 WIB Stoxx 600 SahamEropa

European stocks opened slightly higher Monday as investors await this week’s crucial U.S. Federal Reserve meeting. The pan-European Stoxx 600 nudged 0.1% higher after the opening bell, banks leading gains with a 0.7% jump while travel and leisure stocks dropped 0.7%. Investors will be anticipating the Fed meeting amid expectations that the U.S. central bank could be cutting interest rates soon. Asian stocks traded mixed Monday afternoon, with the unfolding extradition bill protests in Hong Kong, rising tensions between the U.S. and Iran over oil tanker attacks off the Gulf of Oman, and Friday’s weak Chinese industrial output data all compounding market uncertainty. Source : CNBC

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