Thursday , June 30 2022

European exchanges ended with mixed results until Fed decided:


European exchanges ended with mixed results awaiting the Fed's decision

Photo: Reuters

European exchanges ceased to a mixed income session today, with the attention of an investor focusing on the meeting of the United States Federal Reserve, CNBC reported.

The Pan-European Benchmark Stoxx 600 0.19% added to its value, ending the day at a level of 367.08 points.

Banking companies have been able to achieve positive results. Shares of Societe Generale raising 2.1 percent, and some Commerzbank – by 5.4%.

The indicator on the London Board FTSE growth of 0.33%, or 23.40 points, reported to 7140.68 points.

The German Meter DAX a reduction of 0.45 per cent to 11 527.32 points.

French Index CAC dropped 0.13% worth and ended the session at a level of 5131.45 points.

The focus of the markets was on the Ffed meeting, and it is expected to publish the new US financial policy.

Most analysts do not anticipate a change in this policy until investors are still searching for signs of potential new increases in interest rates next month.

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

"The combination of ING analysts have been adversely affected by the combination of slowdowning global economic growth and temporary factors such as new regulations on carbon dioxide emissions in the transport sector.

The European Commission (EC) said Thursday that economic growth in the euro area would be slow in the coming years. The EU Gross Domestic Product is expected to grow at a rate of around 2.1% in 2018, having reached its 10 year highlights in 2017

The European Commission's forecast is to slow down this growth to 1.9% in 2019 and to 1.7% in 2020.

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