European equities like the FTSE,CAC and DAX slipped
European equities like the FTSE , CAC and DAX slipped on investor concern that the US Federal Reserve would inject less fresh stimulus than previously thought.Jeremy Batstone-Carr, head of equities at Charles Stanley said: "There is no certainty that the Fed will do what investors are looking for and no one is prepared to take big positions before the decision. Investors are looking for $500 billion and a lot will ride on whether or not the Fed leaves the door open for more quantitative easing, if they don't I think there is going to be an aggressive sell off."The banking sector was seen down in Europe yesterday.
FTSE Index, DAX Index & CAC Index ended on a low note.
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