European markets start lower

European markets start lower

On Tuesday, European markets started lower, suppressed by dismal market sentiment in America and Asia overnight. Moreover, market participants were still cautious before a new bunch of corporate earnings reports.

The EURO STOXX 50 dived 0.28%, Germany’s DAX 30 slid 0.33%, while France’s CAC 40 lost 0.11%.

American and Asian markets were suppressed overnight amid ascending caution as Donald Trump was braced for talking to Congress.

Traders were also waiting for the Fed’s upcoming policy verdict for potential clues on the tempo of interest rate lifts in 2018. The major US financial institution is widely anticipated to have rates lifted three times this year.

As for financial equities, they showed mixed performance. French lenders BNP Paribas as well as Societe Generale went down respectively 0.54% and 0.85%. Additionally, in Germany Deutsche Bank dived 1.39%, Commerzbank acquired 0.15%.

FTSE 100 went down 0.37% in London.

 

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