European stocks slip lower ahead of key central bank meetings

Investing.com - European stock markets edged lower Monday, as investors prepared for important policy-setting meetings from both the U.S. Federal Reserve and the Bank of England.The focus this week will center on the conclusion of the latest Fed meeting, which is expected to see the U.S. central bank starting to cut interest rates from the 5.25%-5.5% range that has been in place for the last 14 months.

The Bank of England also meets this week, but there is more uncertainty over whether this central bank will ease monetary policy having started to cut interest rates in August, for the first time in four years.However, these potential rate cuts would arrive against a backdrop of a lackluster global economy, particularly in the important Asian region.

Additionally, reports of a second assassination attempt on Republican presidential candidate Donald Trump illustrated the political uncertainty in the world’s dominant economy ahead of the November election.A merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper on Monday.

That said, Chinese economic data released over the weekend pointed to more economic weakness in the world’s biggest oil importer, while Gulf of Mexico crude production resumed following Hurricane Francine, even if nearly a fifth of crude oil production remained offline.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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