
European Stocks Decline as DAX Falls 1.18% and CAC Down 0.95% Ahead of BoE Meeting Amid Global Economic Uncertainty
European stock markets opened with a muted tone as investors awaited a series of central bank announcements, including the Bank of England's (BoE) meeting. The Federal Reserve's recent decision to maintain interest rates has contributed to a cautious sentiment across the region. As a result, European indices experienced slight declines, with Germany's DAX down 1.18% and France's CAC down 0.95%. The US futures market also reflected this risk-off sentiment, with declines noted as attention shifted back to trade tariffs and fiscal policies in the EU. The US dollar strengthened against other currencies, while the euro and British pound faced downward pressure ahead of key economic reports. Overall, the European markets closed lower, marking a second consecutive day of declines amid ongoing global economic uncertainty.
Sources
BloombergEuropean stocks fell for a second day, trimming weekly gains, as sentiment remained fragile over trade tariffs and the state of the economy https://t.co/AUu1J8BOvw
ForexLiveEuropean indices close the session mostly lower https://t.co/a7kdjWGoaa
Kathy LienGood Morning! 🇺🇸USD ⬆️ higher on risk off flows but lower yields 🇪🇺EUR 🔻 hit by risk, extends 3 day slide 🇨🇦CAD 🔻 ahead of retail sales 🇦🇺AUD 🔻 leads drop, still weak from jobs data 🇳🇿NZD 🔻shrugs off weaker trade 🇨🇭CHF ⬆️ snaps back post SNB 🇯🇵JPY 🔻shrugs off stronger CPI
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