European Stocks Set for Subdued Open
European equity markets were set to open little changed on Tuesday as cautious sentiment prevailed ahead of key central bank policy decisions this week. The US Federal Reserve and the Bank of Japan are widely expected to raise interest rates on Wednesday and Friday, respectively, while the Bank of England is expected to leave policy unchanged on Thursday. Traders also remained focused on rising oil prices, which added to inflationary pressures, while higher global bond yields further weighed on equity markets. In Europe, investors will monitor UK unemployment and German economic sentiment data, with no major earnings reports scheduled. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were hovering around the flatline.
European equity markets were set to open little changed on Tuesday as cautious sentiment prevailed ahead of key central bank policy decisions this week. The US Federal Reserve and the Bank of Japan are widely expected to raise interest rates on Wednesday and Friday, respectively, while the Bank of England is expected to leave policy unchanged on Thursday. Traders also remained focused on rising oil prices, which added to inflationary pressures, while higher global bond yields further weighed on equity markets. In Europe, investors will monitor UK unemployment and German economic sentiment data, with no major earnings reports scheduled.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were hovering around the flatline.