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European stocks seen mixed amid dovish Fed, Brexit uncertainty

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European stocks are seen struggling for direction, as concerns over the Fed's subdued outlook and Brexit uncertainty weigh on sentiment.

European stocks are seen struggling for direction Friday morning, as concerns over the Federal Reserve's subdued outlook and ongoing Brexit uncertainty weigh on sentiment.

Market participants continued to digest the latest monetary policy move from the Fed. The U.S. central bank on Wednesday abandoned all plans to raise interest rates this year, citing slowing economic activity, and said it would halt the decline of its balance sheet in September. The European Union agreed to an extension to the date of the U.K.'s withdrawal from the bloc, but said the length of the delay would depend on whether Parliament approves Prime Minister Theresa May's Brexit deal next week.

 

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