European stock markets showed a mixed performance on Tuesday as investors processed regional economic data and anticipated the Federal Reserve’s final policy meeting of the year. While the DAX in Germany rose 0.14% and the CAC 40 in France gained 0.08%, the FTSE 100 in the U.K. dropped by 0.83%.
Key Factors Impacting European Markets
UK Wage Growth:Average earnings in the U.K. for the three months ending in October rose by 5.2%, surpassing the forecast of 5%. This wage growth has heightened concerns that the Bank of England may slow its rate cuts, even as economic growth remains weak. The central bank is expected to maintain its cautious approach to easing policy in its meeting on Thursday.
Market Sentiment Ahead of the Fed:Investors are watching closely as the Federal Reserve prepares to meet, with expectations that it will cut rates by 25 basis points. However, the Fed’s long-term stance on monetary policy will be key to market movements going forward.
For further details on European market movements, check out these Market Overview and Sector Historical Data APIs from Financial Modeling Prep for deeper insights into market trends and sector performance.
