LIVE MARKETS-Morning call: Europe seen lower as Fed weighs on midterm rally
Fri, 9th Nov 2018 06:36
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Morning call: Europe seen lower as Fed weighs on Midterm rally (0634 GMT)
European shares are expected to open in the red and follow the trend set on Wall Street overnight after a statement from the Fed weighed further on to sap the rally which followed the midterm elections.
The central bank noted a dip in business investment but the statement otherwise suggested the next rate hike would be in December, disappointing those who had hoped for a change in tone after October's market sell-off.
With Asia also in the red, financial spreadbetters at IG expect London's FTSE to open 33 points lower, Frankfurt's DAX to lose 19 points and Paris' CAC 40 5 points down.
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