Investors are awaiting the U.S. Federal reserve meeting. Most likely, the regulator will keep the base rate at its lowest level and will postpone the tightening of monetary policy in 2016.
MOSCOW, 27 Jan. Major stock indexes in Europe at the opening of trading on Tuesday showing a slight negative trend, as investors prefer to refrain from active actions in the market in anticipation of the beginning of the two-day U.S. Federal reserve meeting, according to AFP.
As at 11.04 GMT, the British FTSE 100 fell 0.1% to 6408,84 points, the German DAX 30 was down 0.4% to 10759,1 points, French CAC 40 has decreased on 0,3%, to 4883,69 item.
The fed will announce its decision on the base rate on Wednesday. In General, investors expect that the regulator will keep the base rate at its lowest level and will postpone the tightening of monetary policy in 2016.
In the centre of attention of investors on Tuesday are corporate news in the region. So, pharmaceutical company Novartis said that net profit in the third quarter of 2015 amounted to 1,812 billion, which is 42% lower than the same period of 2014. The company’s sales also declined as it amounted in the reporting quarter 12,265 billion, which is 6% lower than a year ago. While analysts expected sales of 12.7 billion dollars.
Net profit of the world’s largest chemical company BASF SE in the third quarter increased by 19% to 1,209 billion euros. Thus analysts expected value of an indicator at level of 1,01 billion euros.
In the first hours of trading will be known to the preliminary data on UK GDP in the third quarter. According to analysts, the indicator increased in annual terms by 2.4%, and quarter — by 0.2%.