The Federal Reserve didn’t.
I really thought they’d do more. Not sure exactly what, just MORE.
European stocks set to open sharply lower (main indices down 2-3%)
EU data due this morning:
07:00 GMT: French manufacturing PMI for September expected 48.5 from 49.1; services 54.2 from 56.8
07:30 GMT: German manufacturing PMI for September expected 50.5 from 50.9; services 50.5 from 51.1
08:00 GMT: EU manufacturing PMI for September expected 48.5 from 49.0; services 51.0 from 51.5; composite 49.8 from 50.7
09:00 GMT: Euro zone industrial orders for July expected -1.2% m/m, +10.5% y/y
