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MORNING CALL: WAITING FOR THE FED (0528 GMT)
European stock futures are hovering around yesterday levels with no clear direction as
investors await a Federal Reserve policy statement later today.
Yesterday’s upbeat U.S. and China macro data increased risk sentiment, but concerns about
the economy remain on fears of a second wave of virus-induced restrictions as well as a
political impasse over a new relief package in the U.S.
The Fed policy meeting which ends today is the first one since chairman Jerome Powell
announced a new stance on inflation and some analysts hope the U.S. central bank might take a
step forward on the accommodative side.