Europe set for dour open as markets shrug off Wall Street rebound [MSNBC.com]
EASYJET PLC S/ADR (ESYJY)
NASDAQ:AMEX Investor Relations:
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Source: MSNBC.com
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.'sFTSEDAXCAC 40FTSE MIBThe dour open expected in Europe comes aftermajor U.S. averages rebounded on MondayAsia-Pacific marketsTraders 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 theCME FedWatch ToolThe probability has risen since New York Fed President John Williams said last Friday that there wasroom to lower rates "in the near term."supports lowering ratesIn Europe on Tuesday, earnings come from Compass Group, Easyjet and Kingfisher while data releases include German GDP and French consumer confidence.In corporate news, Dutch lenderABN AmroElsewhere, regional defense stockshave been volatile over the past weekOn Monday, European Union leaders convened to discuss
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