Friday , December 4 2020

European stocks end with mixed results awaiting Fed :: Investor decision



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

Photo: Reuters

European bourses ended today's mixed earnings session, with investor attention focused on the US Federal Reserve meeting, CNBC reported.

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

Banking companies have been able to provide positive results. Stock Societe Generale increased by 2.1 percent, and they were from Commerzbank – by 5.4%.

Indicator on the London Council FTSE reported growth of 0.33%, or 23.40 points, to 7140.68 points.

German meter DAX fell 0.45 percent to 11 527.32 points.

French Index CAC fell 0.13% from its value and ended the session at the level of 5131.45 points.

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

Most analysts do not predict changes in this policy until investors continue to look for signs of the possibility of a new interest rate hike next month.

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

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

The European Commission (EC) said on Thursday that economic growth in the euro zone will slow 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 a peak of 10 years in 2017

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


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