Wednesday, 19 June 2013 21:11
Posted by Muhammad Iqbal
LONDON: Europe's main stock markets pulled back in careful trade on Wednesday, with traders on tenterhooks before the outcome of the US Federal Reserve's latest monetary policy gathering."No one on the market is considering a bold position before the Fed statement," said Renaud Murail of Barclays Bourse. "It's the priority and will set the tone for what happens next."At close in Europe and just hours before any decision from the US central bank was expected, London's benchmark FTSE 100 index dropped 0.44 percent to stand at 6,345.94 points.Frankfurt's DAX 30 dipped 0.15 percent to 8,217.52 points and in Paris the CAC 40 shed 0.32 percent to 3,848.34 compared with Tuesday's closing levels.Madrid's IBEX 35 index retreated 1.00 percent to 8,098.30 points after the release of an IMF report signalling an end to Spain's double-dip recession but still warning that more reform was needed to reverse high unemployment.Investors have been speculating ...