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SLIGHTLY HIGHER AHEAD OF THE FED (0528 GMT)
European stock futures are slightly higher along with their
U.S. peers as investors expect the Fed to repeat its dovish
stance at its two-day meeting, which starts tomorrow.
Most of the debate is about if the central bank will start
discussing its bond-buying tapering this week or in August.
Still, whatever happens, markets will be flush with cash for the
foreseeable future as employment – one of the Fed’s targets –
will take time before getting back to pre-crisis levels.
Analysts have been betting on a so-called ‘dovish tapering,’
as they expect the Fed to do whatever it takes to ‘baby-sit’ the
market through that phase.
(Stefano Rebaudo)
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