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European shares dip as Fed cools further easing hopes

Published 22/08/2019, 08:16
© Reuters.  European shares dip as Fed cools further easing hopes
AMBUb
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STOXX
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(For a live blog on European stocks, type LIVE/ in an Eikon

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Aug 22 (Reuters) - European shares tracked Asian markets

lower on Thursday, as sentiment was cooled by U.S. Federal

Reserve minutes that showed policymakers viewed last month's cut

in interest rates as a recalibration not the start of sustained

monetary easing.

All eyes were on Purchasing Managers' Indexes (PMIs) for the

manufacturing and service sectors in France, Germany and the

Euro Zone due to be released between 0715 GMT and 0800 GMT.

The industrial sector .SXNP slipped 0.59% and pressured

the pan-European STOXX 600 index .STOXX , which fell 0.3% by

0706 GMT.

The Federal Reserve minutes on Wednesday showed policymakers

were deeply divided over whether to cut rates in July, but

united in wanting to signal they were not on a preset path to

more cuts. Minutes from the European Central Bank's last policy meeting

are also due at 11:30 GMT.

Ambu A/S AMBUb.CO shares plunged 17.7%, to the bottom of

STOXX 600, after the company lowered its full-year revenue and

EBIT margin guidance.

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