Europe: Stocks inch higher on UK merger action

European stocks ground out a tiny gain on Monday, as a pair of big merger reports and a weak pound sent London's FTSE 100 higher, while defensive plays dominated other major markets ahead of Wednesday's US Federal Reserve policy decision.

The exporter-heavy index also drew support from a slide in sterling on a perceived rise in the chances of Britain exiting the European Union without a deal under new Prime Minister Boris Johnson.Ireland's main stock index ISEQ, which has tended to fall on fears of a disorderly Brexit, skidded 0.9 per cent.

The Fed is widely predicted to cut rates by a 25 basis point for the first time in a decade on Wednesday, but investors will be watching its statement for clues on whether that is just the start of new cycle of easing by the US central bank.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Sterling tumbles on Brexit woes as London stocks soarLONDON: The pound fell to levels not seen in over two years on Monday (Jul 29) as a no-deal Brexit seemed ever more likely, while London stocks ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Singapore stocks: STI resumes Monday afternoon down 0.7% at 3,341.22THE Singapore benchmark, like most of its regional peers, entered the afternoon session trading lower during a week where the US Federal Reserve is expected to announce a rate cut and US and Chinese officials are scheduled to meet for trade talks in Shanghai. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Hong Kong: Stocks close down after more protests[HONG KONG] Hong Kong stocks closed lower Monday amid investor caution ahead of US-China trade talks and more civil unrest in the financial hub. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Tokyo: Stocks open lower[TOKYO] Tokyo stocks opened lower on Monday, shrugging off rallies on Wall Street as investors remained cautious amid corporate earnings season. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »