Tuesday , February 7 2023

European stock markets ended with mixed results until Fed's decision: Investor.bg


European stock markets ended with mixed results waiting for the Fed's decision

Photo: Reuters

The European exchanges closed today's mixed-income session, where investors focused on the US Federal Reserve meeting, CNBC reported.

A pan-European benchmark Stoxx 600 added 0.19% of its value, ending the day with a level of 367.08 points.

Banking companies have been able to deliver positive results. Shares Societe Generale an increase of 2.1%, and Commerzbank – by 5.4%.

Indicator on London Board FTSE reported an increase of 0.33% or 23.40 points, to 7140.68 points.

German gauge DAX decreased by 0.45 percent to 11,527.32 points.

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

The focus of the market was the Fed meeting, which announced the announcement of a new US monetary policy.

Most analysts do not make any changes to this policy until investors continue to look for possible signs of a new rise in interest rates next month.

At the same time, it became clear that exports to Germany fell unexpectedly in September.

"The slowdown in world economic growth and temporary factors, such as new regulations on carbon dioxide emissions in the transport sector, have negatively affected German exports," said ING's analyst.

The European Commission (EC) announced on Thursday that economic growth in the euro area will slow down in the coming years. The EU's gross domestic product is projected to increase by about 2.1% in 2018, after reaching the peak of 10 years in 2017

The EC forecast slows this increase to 1.9% in 2019 and 1.7% in 2020.

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