LONDON — European stocks were mixed Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England.was down 0.1% by 11:00 a.m. London time, with sectors and major bourses diverging. Mining stocks shed 0.6%, while retail was 0.4% higher.The regional benchmark closed higher on Friday and added 1.09% for the week as positive momentum returned to the market.
With a U.S. rate cut now all but guaranteed, investors are waiting to see by how much the Fed will cut rates on Wednesday, and what guidance chair Jerome Powell will give on the future path for monetary policy.The Bank of England will also meet Thursday for its latest monetary policy decision, with markets currently split on whether or not it will move to cut rates for the second time in two months.
Back in Europe, earnings come Monday from Swedish clothing giant H&M, while inflation data is due out of Italy.The best—and worst—part about living with 23 roommates in Brooklyn
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