RIO News: European stock markets muted as investors wait for Fed - 4th May 2022, 6:16pm

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The focus of global stock markets is on US Federal Reserve chairman Jerome Powell ahead of the biggest hike in US interest rates in over two decades. Photo:Tom Williams/Reuters

European stock markets are off to a slow start as most investors are preparing for a US interest rate rise when the Federal Reserve meets later today.

The FTSE 100 (^FTSE) dipped marginally 0.3% to 7,532.95 after opening, while the CAC (^FCHI) shed 0.1% in Paris. In Germany, the DAX (^GDAXI) was down 0.1%.

The London b...

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