{"id":8066,"date":"2021-03-17T05:45:36","date_gmt":"2021-03-17T05:45:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/17\/european-shares-seen-tad-lower-ahead-of-fed-verdict\/"},"modified":"2021-03-17T05:45:36","modified_gmt":"2021-03-17T05:45:36","slug":"european-shares-seen-tad-lower-ahead-of-fed-verdict","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/17\/european-shares-seen-tad-lower-ahead-of-fed-verdict\/","title":{"rendered":"European Shares Seen Tad Lower Ahead Of Fed Verdict"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

European stocks may open a tad lower on Wednesday, with the Fed’s monetary policy announcement along with Fed Chair Powell’s post-meeting press conference likely to be in the spotlight. <\/p>\n

Amid talk of policy tightening, investors are waiting to see if the Fed will signal a faster path toward policy normalization than previously expected.<\/p>\n

Traders will be paying close attention to any changes to the Fed’s statement as well as any revisions to the central bank’s forecasts for the economy<\/span>, inflation and interest rates.<\/p>\n

Some traders are hoping Fed Chair Jerome Powell will address the recent spike in treasury yields in his post-meeting press conference.<\/p>\n

The Bank of England meets on Thursday, while the Bank of Japan wraps up a policy review on Friday.<\/p>\n

Asian stocks remain broadly lower in cautious trade after 10-year U.S. Treasury yields ticked up overnight on optimism over the economy’s post-pandemic recovery. <\/p>\n

Gold held below two-week high on a stronger dollar while oil prices slipped for a fourth day despite industry data showing a surprise drop in U.S. crude stocks. <\/p>\n

Final consumer price data from euro area and new car registration figures from Europe are due later in the session, headlining a light day for the European economic news.<\/p>\n

U.S. stocks ended mixed overnight as retail sales and industrial production data disappointed and Treasury yields saw considerable volatility ahead of the Fed’s guidance on inflation and interest rates. <\/p>\n

The Dow dropped 0.4 percent and the S&P 500 dipped 0.2 percent while the tech-heavy Nasdaq Composite edged up 0.1 percent. <\/p>\n

European stocks rose on Tuesday as an upbeat forecast from German carmaker Volkswagen outweighed broad worries about the rollout of Covid-19 vaccines in Europe. <\/p>\n

The pan European Stoxx 600 gained 0.9 percent. The German DAX climbed 0.7 percent, France’s CAC 40 index inched up 0.3 percent and the U.K.’s FTSE 100 added 0.8 percent. <\/p>\n<\/p>\n<\/div>\n