European Stocks Dip Ahead of Packed Central Bank Week
Both the STOXX 50 and STOXX 600 slipped 0.2% Monday as investors braced for a pivotal week of global central bank decisions, including the Fed meeting.
The Fed is widely expected to deliver a 25-basis-point rate cut, though attention will center on updated FOMC projections amid persistent uncertainty over its 2026 policy path. Meanwhile, ECB official Schnabel said she is comfortable with investor expectations that the central bank’s next move could be a rate hike, adding to the cautious tone across European markets.
In corporate news, Unilever fell nearly 4% as it finalized the long-awaited spinoff of the Magnum Ice Cream Company, which separated from the group today. Ageas rose more than 2% after agreeing to buy the remaining 25% stake in AG Insurance from BNP Paribas for $1.9 billion, securing full ownership.
TKMS edged up about 0.5% despite issuing a muted earnings outlook for 2026, while UBS gained 0.5% following reports it may cut an additional 10,000 jobs by 2027.
Source: Tradingeconomics.com