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European equities tumble 0.22%
On Tuesday, European markets sank because market participants turned to be far more cautious ahead of the Fed’s highly-anticipated policy gathering this week, even as traders’ confidence was still healthy worldwide.
The EURO STOXX 50 dived 0.15%, Germany’s DAX 30 went down 0.22% and France’s CAC 40 dipped 0.11%.
The Fed’s generally believed to leave interest rates intact this week. Evidently, the Fed could provide clues on when it actually intends to start unwinding its balance sheet and on any future interest rate moves.
Meanwhile, worries over tensions between North Korea and America relived, although they can resume at any time.
On Tuesday, Donald Trump was braced for addressing the United Nations General Assembly for the first time, while North Korea was supposed to be on the agenda.
Financial shares demonstrated mixed performance because French lenders BNP Paribas gained 0.17%, while Societe Generale decreased 0.31%. As for Germany's Deutsche Bank, it soared 0.12%, Commerzbank went down 0.32%.
FTSE 100 sagged 0.05% in London.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.