European equities dipped from an all-time high ahead of the US Federal Reserve’s latest meeting, while volatile conditions in government bonds calmed after Australia’s central bank dropped a crisis-era monetary policy but maintained ultra-low interest rates.
The regional Stoxx 600 equity gauge opened 0.3 per cent lower. London’s FTSE 100 fell 0.5 per cent. Futures tracking Wall Street’s blue-chip S&P 500 share index traded flat.
Analysts widely expect the Fed to announce reductions in its $120bn-a-month of bond purchases designed to lower borrowing costs and support lending and spending through the pandemic.
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