Spreadex Market Update

European stocks trade with small declines



European stocks trade with small declines as investors remain reluctant to take positions ahead of the all-important FOMC meeting tomorrow. Some market participants believe the Fed may begin to wind down its $85 billion a month asset purchases tomorrow after a string of data has shown the US is recovering nicely. The FTSE remains lower after a worse than expected consumer price reading. Inflation in the UK slowed to the lowest level since November 2009 last month.

 

The cost of living in the US was unchanged in November from a month earlier helped by cheaper energy prices. However, the core figure showed a slight increase to 0.2 percent which excludes food and fuel.

 

Gold fell for the first time in three sessions as the Federal Reserve met today for day one of their two day meeting and the possibility they could reduce stimulus tomorrow. 

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