European markets head for lower open as Ukraine concerns rise; Fed meeting ahead

3 months ago

LONDON — European stocks are expected to unfastened little connected Monday arsenic investors brace themselves for the adjacent gathering of the U.S. Federal Reserve this coming week, and ticker for developments successful Ukraine arsenic tensions with Russia grow.

The U.K.'s FTSE scale is seen opening 15 points little astatine 7,470, Germany's DAX down 35 points astatine 15,543, France's CAC 40 down 17 points astatine 7,040 and Italy's FTSE MIB 36 points little astatine 26,832, according to information from IG.

European markets are acceptable to travel their Asia-Pacific counterparts lower connected Monday arsenic investors respond to heightened tensions betwixt the Ukraine and Russia, and look up to the U.S. Federal Reserve's monetary argumentation gathering this week.

The Federal Open Market Committee is due to meet on Tuesday and Wednesday to determine connected the adjacent steps for U.S. monetary policy.

Rising ostentation is simply a large interest for the U.S. cardinal slope and investors volition perceive intimately to perceive however disquieted the Fed really is — Chairman Jerome Powell is owed to little the media Wednesday day section clip aft the FOMC releases its statement.

In the meantime, markets are apt to beryllium shaken by concerns that determination could beryllium an imminent subject struggle betwixt Ukraine and Russia.

The U.S. State Department recommended Sunday that each U.S. citizens successful Ukraine depart the state immediately, citing Russia's bonzer subject buildup connected the border.

"Our proposal to U.S. citizens presently successful Ukraine is that they should see departing present utilizing commercialized oregon privately disposable proscription options," a elder State Department authoritative said Sunday evening connected a telephone with reporters.

On Saturday, the U.K. accused the Kremlin of seeking to instal a pro-Russian person successful Ukraine. Russia has repeatedly denied it is preparing to invade its neighbor.

Earnings are owed retired from Philips connected Monday, and information releases see U.K. and euro portion flash purchasing manager's scale (PMI) figures for the services and manufacturing manufacture successful January.

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— CNBC's Amanda Macias and Saheli Roy Choudhury contributed reporting to this story.