European stock prices rose slightly this morning after two days of decline, but the increase is limited due to uncertainty regarding stimulus monetary measures in the U.S.
The FTSEurofirst index of 300 leading European stocks strengthened by 0.1 percent to 1,257 points by 9:30 AM, after falling 0.8 percent in the previous two days.
The London FTSE, Frankfurt DAX, and Paris CAC indices were up between 0.2 and 0.4 percent around 9:30 AM.
Markets are experiencing uncertainty as stock prices on Wall Street fell for the third consecutive day yesterday, after speculation about a reduction in the Fed’s $85 billion stimulus monetary programs resurfaced.
Richard Fisher, president of the Fed’s Dallas branch, stated yesterday that the central bank is losing credibility and urged his colleagues at the Fed to support a $10 billion monthly reduction in the program.
Last Wednesday, stock prices on global exchanges surged sharply after Fed leaders decided to keep the amounts of the government and mortgage bond purchase programs unchanged. However, enthusiasm quickly waned as it raised fears that the U.S. economy is recovering too slowly.
On the Tokyo Stock Exchange, the Nikkei index weakened by 0.1 percent to 14,732 points this morning.
