Overall, trading has been quiet as a lot of people wait for next week's meeting of the Federal Open Market Committee in the U.S. for guidance on the tapering of U.S. government bond purchases, he said. Since late last year, the U.S. Federal Reserve has been buying $85 billion in Treasury and mortgage bonds a month â¿¿ a move that has kept long-term rates near record lows and supported economic recovery.European stocks drifted lower Thursday amid mixed economic and corporate news. Not even an upbeat German business survey or news that the British economy has picked up steam could alter the prevailing selling mood.
Cautious Mood Dominant In Markets Ahead Of US Data
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