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DAX Little Changed As Markets Brace For US Election, Fed Meeting
(RTTNews) - German stocks were little change on Monday due to persisting Middle East tensions and investor anxiety ahead of this week's U.S. presidential election and the Federal Reserve's interest-rate decision.
With just 1 day until the U.S. elections, over 75 million early votes have already been cast, according to University of Florida estimates.
Voters will determine whether the next president enters office with a friendly Congress or a hostile one.
If control of the U.S. House of Representatives and Senate is divided, it would likely mean a maintaining of the status quo.
The U.S. Federal Reserve will announce its interest rate decision on Thursday, followed by Fed. Chair Jerome Powell's press conference.
Markets expect the U.S. central bank to cut interest rates by 25 bps amid economic contradictions, following a supersize 50 basis point move in September.
The dollar ticked lower as weaker than expected U.S. jobs data pointed a cooling labor market.
The benchmark DAX was marginally lower at 19,249.35 after climbing 0.9 percent on Friday.
Canadian Dollar Eases Against Most Majors
Swiss Market Ends Sharply Lower
European Stocks Close Weak As Trade War Fears Hurt Sentiment
Canadian Market Remains Weak On Tariff Concerns
Bay Street Likely To Open Lower
Pound Falls As U.K. Economy Contracts For Second Straight Month
Wall Street Likely To Open On Weak Note
