European markets opened today's trading on a stable note, in anticipation of the Federal Reserve meetings and its decision on Wednesday, which is largely expected to keep interest rates unchanged, and markets have priced in these expectations.
A Reuters poll of economists expects the Fed to keep its benchmark interest rate steady at 5.25% to 5.5%.
All European indices were trading stable at the opening, and the markets did not witness any significant change from yesterday's closing.
European indices open mixed ahead of Fed meeting:
- Euronext index down slightly by 0.05%
- The German DAX index rose slightly by 0.01%
- French CAC 40 index down 0.03% pic.twitter.com/XuaumjpE9F
Inflation in Europe
Eurozone inflation rose by an expected 2.6% in February year-on-year and 0.6% month-on-month, keeping expectations for the timing of the European Central Bank's first interest rate cut in check.
