Europe set for dour open as markets shrug off Wall Street rebound [CNBC]
COMPASS GROUP SP/ADR (CMPGY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
LONDON — European stocks are expected to open flat to lower on Tuesday as regional markets shrugged off Wall Street's rebound at the start of the week. The U.K.'s FTSE index is seen opening slightly lower, Germany's DAX down 0.2%, France's CAC 40 down 0.42% and Italy's FTSE MIB unchanged, according to data from IG. The dour open expected in Europe comes after major U.S. averages rebounded on Monday , driven by strength in the artificial intelligence trade and renewed hopes of a Federal Reserve interest rate cut. Asia-Pacific markets also traded higher overnight, boosted by Wall Street's rally. Traders continue to watch for any news that can affect the Fed's upcoming monetary policy decision. Markets are pricing in a more than 80% chance of a quarter percentage point cut from the Fed in December, according to the CME FedWatch Tool The probability has risen since New York Fed President John Williams said last Friday that there was room to lower rates “in the near term.” San Fra
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