Market Updates
UK GDP Rebounded, German Residential Sector Outlook Weakened
Bridgette Randall
12 Dec, 2022
Frankfurt
European markets traded lower ahead of rate decisions from several central banks amid rising economic slowdown and rate path worries.
Benchmark indexes in the region traded lower and energy prices edged lower as markets awaited rate decisions from the U.S. Federal Reserve and the Bank of England on Wednesday and from the European Central Bank on Thursday.
All three central banks are expected to moderate rate hikes and markets are widely anticipating rate increases of 50 basis points.
In the final bout of deal making ahead the year's end merger news also dominated news flow.
The DAX index decreased 0.4% to 14,306.63, the CAC-40 index fell 0.4% to 6,650.55 and the FTSE 100 index declined 0.4% to 7,445.97.
Brent crude oil rose $1.98 to $77.98 a barrel and the Dutch TTF natural gas futures for immediate month delivery eased 1.8% to
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