LONDON – European stocks are expected to open lower on Monday as investors prepare themselves for the next meeting of the US Federal Reserve next week and watch developments in Ukraine amid rising tensions with Russia.
Of the UK FTSE Germany’s index is down 15 points at 7,470 DAX France was down 35 points at 15,543 CAC 40 Italy’s are down 17 points at 7,040 FTSE MIB According to IG data, it was down 36 points to 26,832.
European markets are set To follow their Asia-Pacific counterparts Investors are reacting on Monday Tensions escalated between Ukraine and Russia, And look forward to the US Federal Reserve’s Monetary Policy Meeting this week.
The The Federal Open Market Committee meeting is scheduled to take place The next steps in US monetary policy will be decided on Tuesday and Wednesday.
Rising inflation is a major concern for the US Federal Reserve Investors will take a closer look at how worried the central bank really is – Leader Jerome Powell The FOMC is expected to present its report to the media on Wednesday afternoon local time.
Meanwhile, markets may be shaken by fears of an immediate military confrontation between Ukraine and Russia.
“Our recommendation to U.S. citizens currently in Ukraine is to consider whether they are leaving now using the transportation options available for commercial or private use,” the senior Foreign Office official told reporters Sunday evening.
On Saturday, the UK accused the Kremlin of trying to establish a pro-Russian leader in Ukraine. Russia has repeatedly denied preparing to invade its neighbor.
Revenues from Philips are due out on Monday, and data releases include the UK and Eurozone Flash Purchasing Manager Index (PMI) figures for the services and manufacturing sector in January.
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– CNBC’s Amanda Macias and Saheli Roy Chowdhury reported the story.