European exchanges closed the trading day in positive territory amid reports from the U.S. Federal reserve

European exchanges closed the trading day in positive territory amid reports from the U.S. Federal reserve


The British index FTSE 100 has grown to 6416,16 points, German DAX 30 – up to 10096,60 points, French CAC 40 – up to 4701,39 item on the background data of the protocols of the September meeting of the Federal reserve system of the USA.

MOSCOW, 9 Oct. Major stock indexes in Europe by the close of trading on Friday showed a positive trend on the background data of the protocols of the September meeting of the Federal reserve system (FRS) the USA, according to AFP.

At the end of trading the British FTSE 100 grew 0.65% to 6416,16 points, German DAX 30 — on 1,04%, to 10096,60 points, French CAC 40 — on 0,55%, to 4701,39 item.

According to the FOMC minutes, members of the open market Committee believe that the decision on the first since 2006 the rate increase is necessary so that the level of inflation in the country was close to the target mark of 2%. Another reason for the failure to raise rates at the September meeting was the uncertainty about the state of the global economy.

According to members of the Committee, the latest economic developments in the world and in the financial markets can in some way to restrain economic activity in the country due to the strengthening of the American currency. In addition, the negative effects of the economic slowdown in China and emerging markets can put pressure on the economy, said the fed.

As reported by the Agence France-Presse the head of research at Accendo Markets Mike van Dulken (Mike van Dulken), European stocks rose on the anticipation that the rate hike in the US will happen soon.