European Stocks lower following FOMC minutes

European Stocks lower following FOMC minutes

European stocks traded lower on Thursday as markets around the world digest the latest minutes from the U.S. Federal Reserve that appeared to raise the prospect of an interest rate hike in June. Global markets are digesting the Fed’s April minutes, published on Wednesday, in which the central bank upped the prospect of an interest rate hike in June if U.S. economic data improve. The FOMC minutes raised concerns over Brexit – a vote in June on whether the U.K. should leave the European Union - as a risk that could keep rates on hold, however.

The minutes sent the dollar higher and spurred divergent performance in Asian markets on Thursday. Currently:

  • DAX: -1,12%
  • CAC40: -0,67%
  • FTSE100: -1,07%
  • SP500 futures: -0,23%

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