European stocks dip lower as market uncertainty lingers; Sweden's Riksbank cuts rates

index was down 0.09% by 11:30 a.m. London time, with sectors and major bourses trading in mixed territory. Tech stocks added 0.71%, while oil and gas fell 1.34%.Reuters last week that the company was looking for a big pharma partner to help bring its weight loss drug to market.In central bank news, Sweden's Riksbank cut interest rates by 25 basis points to 3.50% from 3.75%, and signaled two to three more rate cuts this year.

Jens Magnusson, chief economist at financial services group SEB, said the central bank was likely to look to the Federal Reserve for direction on the pace of policy easing. "They don't want the rate spread to become too big," he told CNBC."If the Fed continues on a more hawkish drive, then the Riksbank can't move on at full speed."Global markets will now be focused on key Fed events this week. Minutes from the central bank's most recent meeting will be released Wednesday, before Fed Chair Jerome Powell's Jackson Hole, Wyoming, speech on Friday.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

European stocks cautiously higher as market uncertainty lingers; Sweden's Riksbank cuts ratesEuropean stocks were cautiously higher Tuesday as market uncertainty over the outlook for interest rate cuts lingers.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Will the Riksbank fall in line with market expectations?The general consensus is that the Riksbank will cut the key interest rate today by 25 basis points to 3.
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »

European stocks nudge lower after Monday's market routEuropean stocks nudged lower on Tuesday, with global markets struggling to shake off Monday's volatility.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »