European stocks trade mostly lower with eyes on BOJ and Fed
On Tuesday, European stocks traded mostly lower, as market participants remained cautious ahead of the Fed and BOJ policy gatherings this week, while crude prices took a downward turn.
During European morning trade, the EURO STOXX 50 sank 0.16%. Additionally, French CAC 40 edged down 0.21%, though German DAX 30 tacked on 0.16%.
Market participants remained quite cautious ahead of the Fed’s monthly policy gathering, set to brake out later on Tuesday, amid everlasting uncertainty as for a possible rate lift.
Aside from that, traders were looking ahead to the BOJ’s upcoming policy gathering this week, amid rumors over a probable rate cut further into negative territory.
In London, FTSE 100 descended 0.11%, suppressed by losses in the financial sector.
Financial stocks demonstrated mixed results, as French lenders BNP Paribas along with Societe Generale sank 0.17% and 0.13% respectively. At the same time, German Deutsche Bank and Commerzbank acquired 0.21% and 0.56% respectively.