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European stocks steady to higher after Fed minutes; DAX dips 0.01%

Hong Kong stocks

European stocks were steady to higher on Thursday, as the minutes of the Federal Reserve’s July policy meeting crushed expectations for a September rate hike and as investors turned their attention to the upcoming minutes of the European Central Bank’s latest meeting.

During European morning trade, the EURO STOXX 50 was flat, France’s CAC 40 gained 0.38%, while Germany’s DAX 30 dipped 0.01%.

The minutes of the Fed’s July policy meeting, released on Wednesday, showed that policymakers were still divided over the need to raise interest rates this year.

“Some … members anticipated that economic conditions would soon warrant taking another step in removing policy accommodation,” the Fed said in the minutes.

However, several policymakers said they wanted to “leave their policy options open.”

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Paul

The author Paul