European stocks mixed; caution ahead of US election, central bank meetings
Investing.com - European stock markets traded in tight ranges Monday, at the start of an action-packed week that includes a US presidential election, interest rate decisions from the Federal Reserve and Bank of England, as well as more quarterly corporate earnings.European equities have started the new week on a cautious note, as investors turn their eyes towards Tuesday’s US presidential election.
The market widely expects the policymakers to agree to a rate cut of 25 basis points after Friday’s nonfarm payrolls report showed that jobs growth almost stalled in October amid the impact of strikes and weather disruptions.also meets on Thursday, and is also expected to lower rates by 25 bps, after cutting rates for the first time in more than four years in August.
The Irish airline added that average fares in the current quarter would be only"modestly lower" than the same period last year.Oil prices rose strongly Monday after OPEC+, a group of producing nations, delayed a planned output hike in December by at least a month, citing recent pressure on prices from weak demand.
Both contracts had posted weekly declines last week of over 3% as record U.S. output had added to the demand concerns.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. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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