Stock markets around the world edged lower on Tuesday as uncertainty over the European Central Bank's next policy move caused stock markets around the world to edge lower on Tuesday.
Investors are divided on how the ECB may decide to tackle what is set to be very subdued growth across the region throughout 2014, according to European Commission forecasts, Reuters reports.
"I wouldn't be surprised if we get a rate cut, just to send a signal," Markus Schomer, the chief economist at fund manager's PineBridge Investments, said, according to Reuters. "A rate cut could at least help in lowering the value of the euro."
Investors are now awaiting Friday's U.S. October non-farm payrolls data to see if the unemployment rate eases from the current 7.2 percent. Economists in a Reuters survey expect the rate to have edged up. The Fed has promised to hold rates ultra-low at least until unemployment drops to 6.5 percent.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme