A Key Speech From Janet Yellen Has Investors Paying Attention
European stocks fell modestly at the start of trading Tuesday as investors eye movements in the U.S. dollar ahead of a key speech in London from Federal Reserve Chairwoman Janet Yellen.
Britain's FTSE 100 is poised to give back about 0.05% at the opening bell, according to financial bookmakers IG, with similar percentage declines anticipated for the DAX performance index in Germany and France's CAC-40.
Switzerland's SMI is priced to extend yesterday's gain by around 0.3%, supported by defensive stocks and further potential gains for benchmark heavyweight Nestle SA, which rose to a record Monday after hedge fund Third Point revealed a stake in the world's biggest food company and pressed management for strategic and capital structure changes.
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This article was written by a staff member of TheStreet.
