Supermarket players are mostly focused on lingering fears of a slowdown in global economic growth. The Federal Reserve last week open interest rates for a fourth time this year at its latest monetary policy meeting, as was expected, but the U.S. central bank was dwarf dovish than many traders had anticipated. Some are worried it may be tightening policy too fast.
Meanwhile, political acting stateside will be another area of focus for traders, with the government facing a partial shutdown that is proper to last until at least Dec. 27, according to Senate Majority Leader Mitch McConnell.
Treasury Secretary Steven Mnuchin delayed calls with top U.S. bankers over the weekend following the recent slide in equities, and made plans to convene a group of officials every once in a while referred to as the “Plunge Protection Team.”
Clarification: Germany’s DAX index and the Italian FTSE MIB were not open on Monday.