Friday , October 22 2021

European stock markets ended mixed results pending Fed decision :: Investor.bg



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European exchanges ended mixed results awaiting Fed decision

Photo: Reuters

European stock markets ended the current mixed-income session, with investors' attention focused on the US Federal Reserve meeting, CNBC said.

The pan-European benchmark Stoxx 600 added 0.19% to its value, ending the day at a level of 367.08 points.

Banking companies have achieved positive results. Actions of Societe Generale up 2.1% and those of Commerzbank – 5.4%.

The gauge on the London Board FTSE reported a growth of 0.33%, or 23.40 points, to 7140.68 points.

The German meter DAX decreased by 0.45 percent to 11 527.32 points.

The French index CAC decreased 0.13% of its value and ended the session to a level of 5131.45 points.

The focus of the markets was at the Fed meeting, which is expected to announce the new US monetary policy.

Most analysts do not expect a change in that policy until investors continue to seek signs of a possible further rise in interest rates next month.

At the same time, it became clear that exports to Germany recorded an unexpected decline in September.

"The combination of slowing global economic growth and temporary factors, such as new regulations on carbon dioxide emissions in the transport sector, have negatively affected German exports," said an ING analyst.

The European Commission (EC) said on Thursday that economic growth in the euro zone would decline over the next few years. The EU's Gross Domestic Product (GDP) is expected to grow at a rate of about 2.1% in 2018 after reaching its peak of 10 years in 2017

The EC forecast is to reduce this growth to 1.9% in 2019 and to 1.7% in 2020.

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