European stocks close subdued as Fed rate cut expectations grow
Thursday, 4 July 2019 23:25 WIB | MARKET UPDATE |EropaSaham EropaIndek stoxx europe 600

European stocks ended subdued Thursday after weaker-than-expected U.S. economic data gave investors cause to anticipate that the Federal Reserve will cut interest rates at its upcoming July meeting.

The pan-European Stoxx 600 ended Thursday™s trade marginally higher at 392.94 with, telecoms leading gains with a 0.8% climb while utilities stocks fell 0.9% at the close.

The Dow Jones Industrial Average and Nasdaq Composite both closed Wednesday™s session at all-time highs after U.S. private payrolls data fell significantly short of expectations, strengthening the Fed™s case for lowering rates at its monetary policy meeting at the end of July. Markets stateside are closed Thursday for the July 4 holiday and trading volumes in Europe are expected to be low.

Source : CNBC

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