Europe: Stock markets fall at open on Fed warning

[LONDON] Europe's stock markets sank in opening deals on Thursday, taking their cue from earlier sell-offs in Asia and the US after the head of the Federal Reserve warned of an"uncertain" outlook for the virus-hit US economy.

London's benchmark FTSE 100 index of major blue-chip companies shed 1.1 per cent to 6,008.89 points, ahead of an interest rate decision from the Bank of England. In the eurozone, Frankfurt's DAX 30 index shed 1.5 per cent to 13,059.70 points and the Paris CAC 40 lost 1.4 per cent to 5,001.18.Fed chief Jerome Powell told reporters that while the recovery was looking better than anticipated,"overall activity remains well below its level before the pandemic and the path ahead remains highly uncertain", and stressed the need for more stimulus.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: Stock markets mixed at open[LONDON] European stock markets diverged at the start of trading on Wednesday, with London edging lower, but Frankfurt and Paris showing slender gains. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Wall St opens higher as focus turns to Fed meet[NEW YORK] Wall Street's main indexes opened higher on Wednesday as investors hoped for a pledge by the Federal Reserve to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks end mostly lower as Fed pledges to keep rates lowNEW YORK (AFP) - Wall Street stocks finished mostly lower after a volatile session mostly on Wednesday (Sept 16) as the Federal Reserve kept interest rates low and offered a cautious outlook on the economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »