CashNews.co
European and US stocks were mixed on Tuesday as traders awaited key central bank meetings later in the week.
In Europe, the FTSE 100 in London and the DAX in Frankfurt both closed slightly higher, while the CAC 40 in Paris ended the day in the red. In the US, the Dow Jones and S&P 500 were both trading flat, while the Nasdaq was slightly down.
Investors are eagerly anticipating the Federal Reserve’s policy meeting on Wednesday, where policymakers are expected to provide clues on the future of monetary policy. The European Central Bank is also set to meet on Thursday, with analysts expecting a possible shift in policy stance.
Market analysts are closely watching for any hints of tapering of asset purchases or potential interest rate hikes, as central banks navigate the economic recovery from the pandemic.
Despite the mixed performance of stocks on Tuesday, analysts remain cautiously optimistic about the outlook for global markets. With inflation concerns and rising bond yields still looming, investors are treading carefully as they await further guidance from central banks.