European exchanges closed in the red, awaiting the outcome of the U.S. Federal reserve meeting

European exchanges closed in the red, awaiting the outcome of the U.S. Federal reserve meeting


Expectations save controller current base rates lead to the depreciation of the American currency in global markets. At the end of trading the British FTSE 100 fell 0.81% to 6365,27 points, German DAX 30 — on 1,01%, to 10692,19 item.

MOSCOW, 27 Jan. Major stock indexes in Europe following the results of trading on Tuesday showed a decline, as investors eyed the outcome of fed meeting and interest rate decision by the world’s largest economies, according to AFP.

At the end of trading the British FTSE 100 fell 0.81% to 6365,27 points, German DAX 30 — on 1,01%, to 10692,19 points, French CAC 40 — on 1,02%, to 4847,07 item.

The next fed meeting takes place on October 27-28. Analysts believe that the regulator will keep the base rate at its lowest level and will postpone the tightening of monetary policy in 2016. This leads to the depreciation of the U.S. currency and increased the cost of copper.

“British and European shares fell on Tuesday, recording received last week of the profit. Markets still prefer to avoid the risks before deciding on the interest rate the fed,” — said the Agency France Press CMC Markets analyst Jasper Lawler (Jasper Lawler).