European exchanges ended with mixed results until the decision of Fed :: Investor.bg



European exchanges ended with mixed results that await the Fed's decision

Photo: Reuters

The European exchange ended today's mixed-income session, with the focus of the investor focusing on the US Federal Reserve, reports CNBC.

Pan-European criterion Stoxx 600 added 0.19% to its value and reached 367.08 points at the end of the day.

Banking companies were able to give positive results. Shares Societe Generale which rose by 2.1 percent and those of 1998 Commerzbank – by 5.4%.

An indicator in London FTSE it gained 0.33 percent or 23.40 points to 7140.68 points.

German meter DAX fell by 0.45 percent to 11,527.32 points.

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

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

Most analysts do not foresee a change in this policy until investors continue to look for signs of a possible new interest rate increase next month.

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

"The combination of a slowdown in global economic growth and temporary factors, such as the new regulations on carbon dioxide emissions in the transport sector, have had a negative impact on German exports," said ING analyst.

The European Commission (EC) said on Thursday that economic growth in the eurozone will be slow in the coming years. The EU's gross domestic product is expected to grow at a rate of around 2.1% in 2018, after reaching the 10-year peak in 2017

The forecast for the EC is projected to slow down to 1.9% in 2019 and 1.7% in 2020.


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