Monday , May 17 2021

European stock exchanges ended with mixed results pending Fed's decision: Investor.bg



Europe's exchange ended with mixed results pending Fed's decision

Photo: Reuters

European stock exchanges concluded today's mixed income session, focusing on investors targeting the US Central Bank meeting, CNBC reported.

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 been able to deliver positive results. Shares of Societe Generale by 2.1 percent and those of Commerzbank – by 5.4%.

The indicator 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 at a level of 5131.45 points.

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

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

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

"The combination of lowering global economic growth and temporary factors such as new rules on carbon dioxide emissions in the transport sector has had a negative effect on German exports," says an ING analyst.

The European Commission (EC) said Thursday that economic growth in the euro area would slow down in the next few years. EU gross domestic product is expected to increase in line with approximately 2.1% 2018 after reaching its top 10 years in 2017

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


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