Thursday , July 29 2021

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



European exchanges ended with mixed results in anticipation of the Fed's decision

Photo: Reuters

The European exchange ended today a mixed-income session, with investors focusing on a meeting of the US Federal Reserve, reports CNBC.

Pan-European benchmark Stokk 600 added 0.19% to its value, ending day at 367.08 points.

Banking companies have been able to deliver positive results. Actions from Societe Generale rose by 2.1 percent, and those of Commerzbank – by 5.4%.

Indicator in the London Committee FTSE achieved a gain of 0.33%, or 23.40 points, to 7140.68 points.

German meter DAKS fell by 0.45 percent to 11 527.32 points.

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

The focus of the market was at the Fed meeting, which is expected to release the new monetary policy of the United States.

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

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

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

The European Commission (EC) announced on Thursday that economic growth in the eurozone will slow down 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 its 10-year high in 2017. The year

EC forecasts will slow down to 1.9% in 2019 and 1.7% in 2020.


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