European stock exchanges ended with a mixed result in anticipation of Fed's decision :: Investor.bg



European stock exchanges ended with mixed results awaiting the Fed's decision

Photo: Reuters

European exchanges ended today's mixed-income mission, and the investor's attention was focused on meeting the US Federal Reserve System, CNBC reported.

European-wide benchmark Stoxx 600 added 0.19% to its value and ended the day at 367.08 points.

Banking companies have been able to deliver positive results. Company shares Societe Generale which represents an increase of 2.1 percent and growth of 2.1 percent Commerzbank – by 5.4%.

Indicator in the London Council FTSE recorded a growth of 0.33%, ie by 23.40 points, to 7140.68 points.

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

French index CAC declined by 0.13% of its value and ended the session at 5131.45 points.

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

Most analysts do not expect a policy change until investors look for signs of a possible new interest rate hike next month.

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

"The combination of a slowdown in global economic growth and temporary factors such as new regulations on carbon dioxide emissions in transport has negatively affected German exports," ING analyst said.

The European Commission (EC) said Thursday that economic growth in the eurozone will slow down in the coming years. The EU's gross domestic product is expected to increase by 2.1% in 2018 after reaching a 10-year maximum in 2017

EC forecasts are to slow this growth to 1.9% in 2019 and to 1.7% in 2020.


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