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The Breakfast Briefing: Global Stocks Await Cues On Future Fed Policy
FYI: Global stocks kicked off the week under pressure as investors awaited a key Federal Reserve meeting amid mounting signs of slowing economic growth around the world.
The Stoxx Europe 600 fell 0.4% in early morning trade, dragged down by health care and financial stocks. Most Asian markets rose.
On Wall Street, futures pointed to slight opening gains of around 0.1% for the S&P 500, following U.S. stocks’ worst start to a December since 1980. Major indexes fell more than 5% last week.
The Federal Reserve will conclude its final policy meeting of the year Wednesday and while analysts widely expect the central bank to raise short-term interest rates, the focus will be on the Fed’s outlook for next year. Regards, Ted
