TELETRADER News
9/17, 7:37 AM (Source: TeleTrader)
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Stocks in Europe flat to lower in premarket

Investors were looking for direction for equities on Tuesday before the formal start of trading at major European exchanges as they were waiting for this week's policy updates from the Federal Reserve and the Bank of Japan. The monetary guardians in the United States will especially be watched for a potential reaction to a historic spike in prices of oil in the wake of attacks by drones or missiles from an undetermined direction on the heart of Saudi Arabia's oil industry. As the world's central banks are biased toward lowering rates to support the economy, a rebound in inflation could catch them unprepared.

In other news, US President Donald Trump announced an initial trade agreement with Japan, but the other side was cautious in its comments. Japanese Minister of Finance Taro Aso said there was no deal on currencies.

The British FTSE 100 stock index was just 0.07% in the red in the premarket. The DAX was virtually unchanged in Frankfurt and the CAC 40 retreated 0.1%. The euro advanced 0.1% to $1.10128 and 0.15% to £0.88665 at 7:35 am CET. The pound slipped 0.06% to $1.24205. Gold was flat at $1,498.55 per ounce.

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