{"id":45261,"date":"2013-12-11T08:08:08","date_gmt":"2013-12-11T13:08:08","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45261"},"modified":"2013-12-11T08:08:08","modified_gmt":"2013-12-11T13:08:08","slug":"european-stocks-in-red-amid-fed-tapering-fear","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/11\/european-stocks-in-red-amid-fed-tapering-fear\/","title":{"rendered":"European Stocks in Red amid Fed-Tapering Fear"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

European stocks opened the market lower on Wednesday as traders focus on the Federal Reserve\u2019s (Fed) upcoming meeting scheduled for December 17-18, with speculation that the Central bank would begin to taper its stimulus program. Meanwhile in the US, policymakers concluded a deal to reduce automatic budget cuts to avoid another government shutdown.<\/p>\n

The pan-European Euro Stoxx 50 opened 0.21% lower at 2,959.50, while the German DAX edged 0.23% lower to 9,093.80 at the time of writing. At the same time, the British FTSE 100 declined 0.17 to 6,512.30, while the French CAC 40 rose 0.03% higher to 4,092.30.<\/span><\/p>\n

Germany\u2019s consumer prices climbed 0.2% higher in November, meeting in line with estimates, compared to the 0.2% drop recorded in the previous month; the final reports from the Federal Statistical Office confirmed.<\/p>\n

Meanwhile in France, the non-farm payrolls showed a drop of 0.1% in the third quarter, meeting flash estimates, reports from the National Institute for Statistics and Economic confirmed.<\/p>\n

The government of Italy will auction Treasury bills maturing in 12 months, with a maximum target of 5.5 billion euros.<\/p>\n

Greece unemployment report for September is expected to show that the country\u2019s unemployment rate remains the highest among the rest of the eurozone nations.<\/p>\n

The Managing Director of the International Monetary Fund, Christine Lagarde said the high rate of youth unemployment could \u00a0\u00a0lengthen the eurozone\u2019s economic crises.<\/p>\n

“Can a crisis really be over when 12% of the labor force is without a job? When unemployment among the youth is in very high double digits, reaching more than 50% in Greece and Spain? And when there is no sign that it is becoming easier for people to pay down their debts?” Lagarde stated.<\/p>\n

European Stocks – US Budget Agreement<\/span><\/h2>\n

In the US, budget policymakers concluded a deal to reduce automatic budget cuts and set spending levels for the next two years.<\/p>\n

“While modest in scale, this agreement represents a positive step forward by replacing one-time spending cuts with permanent reforms to mandatory spending programs that will produce real, lasting savings,” House Speaker John Boehner said.<\/p>\n

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The post European Stocks in Red amid Fed-Tapering Fear<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog European stocks opened the market lower on Wednesday as traders focus on the Federal Reserve\u2019s (Fed) upcoming meeting scheduled for December 17-18, with speculation that the Central bank would begin to taper its stimulus program. Meanwhile in the US, policymakers concluded a deal to reduce automatic budget cuts to avoid … <\/p>\n

Continue reading “European Stocks in Red amid Fed-Tapering Fear”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-45261","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=45261"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45261\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}