Quantcast

European Markets Little Changed Ahead Of Fed Announcement


Shutterstock photo


(RTTNews.com) - The European markets ended Wednesday's session with mixed results after being stuck in a sideways pattern throughout the day. Investors appeared reluctant to make any major moved ahead of today's policy decision from the Federal Reserve.

The Fed is widely expected to hike interest rates by a quarter point when it concludes its 2-day meeting later today.

Investors are also keeping a close eye on the ongoing debate on the Brexit bill in the House of Commons, which carried over to a second day on Wednesday.

The pan-European Stoxx Europe 600 index advanced 0.29 percent. The Euro Stoxx 50 index of eurozone bluechip stocks increased 0.12 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, added 0.28 percent.

The DAX of Germany climbed 0.38 percent, but the CAC of France fell 0.01 percent. The FTSE 100 of the U.K. declined 0.00 percent and the SMI of Switzerland finished lower by 0.07 percent.

In London, Glencore rallied 3.75 percent, a day after its unit Katanga Mining said it had agreed a recapitalization plan for 75-percent-owned Kamoto Copper Co with Gécamines.

Sky Plc lost 1.55 percent after a judge has ruled that AT&T and Time Warner can merge.

Just Eat tumbled 4.75 percent on worries about heightened competition after Deliveroo said it would allow partner restaurants to use their own riders.

Dixons Carphone dropped 2.76 percent after the company said it has been the victim of an "unauthorized data access."

Eurozone industrial production decreased in April after recovering in the previous month, data from Eurostat showed Wednesday. Industrial output fell 0.9 percent month-over-month in April, reversing a 0.6 percent increase in March, which revised up from 0.5 percent.

Eurozone employment grew at a slightly faster pace in the three months ended March, data from Eurostat showed Wednesday. Employment rose 0.4 percent sequentially in the March quarter, just above the 0.3 percent increase in the previous month. There were 157.2 million employed in the euro area.

UK inflation remained stable in May, the Office for National Statistics reported Wednesday. Consumer price inflation held steady at 2.4 percent, the lowest since March 2017, and in line with expectations.

British house price inflation eased further in April to the lowest level in just over a year, figures from the Office for National Statistics showed Wednesday. The house price index climbed 3.9 percent year-over-year in April, slower than March's 4.2 percent rise.

Reflecting a sharp jump in energy prices, the Labor Department released a report on Wednesday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand climbed by 0.5 percent in May after inching up by 0.1 percent in April. Economists had expected producer prices to rise by 0.3 percent.


Read the original article on RTTNews (http://www.rttnews.com/2904713/european-markets-little-changed-ahead-of-fed-announcement.aspx)


For comments and feedback: contact editorial@rttnews.com




This article appears in: Stocks , World Markets , Politics
Referenced Symbols: GLNCY ,



More from RTT News

Subscribe






See All RTT news











Research Brokers before you trade

Want to trade FX?