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European shares dip as Fed cools further easing hopes

Published 08/22/2019, 03:16 PM
Updated 08/22/2019, 03:20 PM
European shares dip as Fed cools further easing hopes
AMBUb
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STOXX
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SXNP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Aug 22 (Reuters) - European shares tracked Asian markets
lower on Thursday, as sentiment was cooled by U.S. Federal
Reserve minutes that showed policymakers viewed last month's cut
in interest rates as a recalibration not the start of sustained
monetary easing.
All eyes were on Purchasing Managers' Indexes (PMIs) for the
manufacturing and service sectors in France, Germany and the
Euro Zone due to be released between 0715 GMT and 0800 GMT.
The industrial sector .SXNP slipped 0.59% and pressured
the pan-European STOXX 600 index .STOXX , which fell 0.3% by
0706 GMT.
The Federal Reserve minutes on Wednesday showed policymakers
were deeply divided over whether to cut rates in July, but
united in wanting to signal they were not on a preset path to
more cuts. Minutes from the European Central Bank's last policy meeting
are also due at 11:30 GMT.
Ambu A/S AMBUb.CO shares plunged 17.7%, to the bottom of
STOXX 600, after the company lowered its full-year revenue and
EBIT margin guidance.

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