Saturday , April 17 2021

European exchange ended with mixed results in the expectation of the Fed's decision ::

European stock exchanges have completed mixed results expected by the Fed

Photo: Reuters

The European Stock Exchange has completed today's mixed-income meeting, with investors focusing on meeting US Federal Reserve, CNBC reported.

Pan-European reference value Stoxx 600 a value of 0.19% was added, and the day is at the level of 367.08 points.

Banking companies have succeeded in achieving positive results. Stock Societe Generale an increase of 2.1 percent, and those of Commerzbank – by 5.4%.

London Board Indicator FTSE reported growth of 0.33%, or 23.40 points, to 7140.68 points.

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

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

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

Most analysts do not foresee a change in that policy until investors are looking for signs of a possible new interest rate rise next month.

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

"The combination of the slowdown in global economic growth and temporary factors such as the new regulations on carbon dioxide emissions in the transport sector have negatively impacted German exports," said 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 about 2.1% in 2018, after reaching the ten-year summit in 2017

The EC's prognosis is to slow this growth to 1.9% in 2019 and to 1.7% in 2020.

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