Marketmind: Fed fireworks set nervy stage for BoE

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If the market vacillations that followed the Federal Reserve are anything to go by, European investors should buckle up ahead of policy decisions from no less than four of the region's biggest central banks today - with the Bank of England providing the crescendo. Considering investors largely expected a hawkish pause from U.S. policymakers, the resulting surge in Treasury yields and slide in stocks show that Chair Jay Powell showed a little more talon than they were comfortable with. Asian shares slumped region-wide - including a 1% slide for Japan's Nikkei - while crude oil extended its retreat from a 10-month peak.

If the market vacillations that followed the Federal Reserve are anything to go by, European investors should buckle up ahead of policy decisions from no less than four of the region's biggest central banks today - with the Bank of England providing the crescendo.

U.S. yields pushed even higher in the Asian time zone, while U.S. stock futures pointed lower. Asian shares slumped region-wide - including a 1% slide for Japan's Nikkei - while crude oil extended its retreat from a 10-month peak.

 

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