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BCN-28
MARKETS-STOCKS-EUROPE-OPEN
European stock markets steady at open
LONDON, Sept 13, 2019 (BSS/AFP) – European stock markets were steady at
the start of trading on Friday, awaiting a key Federal Reserve interest-rate
meeting next week.
London’s benchmark FTSE 100 index dipped 0.1 percent to 7,334.55 points.
In the eurozone, Frankfurt’s DAX 30 was flat at 12,412.27 points and the
Paris CAC 40 edged up 0.1 percent to 5,647.63.
The Fed is widely expected to deliver another cut in US interest rates
next week, after chairman Jerome Powell flagged up concerns over the economic
uncertainty caused by President Donald Trump’s trade conflict with China.
On Thursday, the European Central Bank unveiled a fresh round of economic
stimulus and pushed interest rates further into negative territory in an
effort to support the struggling eurozone economy.
BSS/AFP/HR/1510