European exchanges closed higher in anticipation of the announcement of the decision of the U.S. Federal reserve

European exchanges closed higher in anticipation of the announcement of the decision of the U.S. Federal reserve


The British FTSE 100 grew to 6437,80 points, German DAX 30 – up to 10831,96 points, French CAC 40 – 4890,58 to point out the announcement of the results of the fed meeting.

MOSCOW, 28 Oct. Major stock indexes in Europe at the end of trading environment demonstrated growth, as investors await the announcement of the results of the fed meeting and interest rate decision by the world’s largest economies, according to AFP.

At the end of trading the British FTSE 100 index increased by 1.14% to 6437,80 points, German DAX 30 — on 1,31%, to 10831,96 points, French CAC 40 — on 0,90%, to 4890,58 item.

The next fed meeting takes place on October 27-28. The rate decision and monetary policy will be announced at 21.00 GMT. Politicians have repeatedly stated that the rate increase will depend on economic data indicating the U.S. economy is strong enough to withstand higher borrowing costs.

However, analysts expect that the regulator will keep the base rate at its lowest level and will postpone tightening monetary policy until 2016. Their expectations reinforce the weak data on the labor market of the country, retail sales and investment in durable goods. All these data suggest a slowdown in economic growth in the third quarter.

“Given the recent weak economic data, market participants expect the Federal reserve’s conservation policy”, — said the Agency “France Press” the analyst TJM Partners Manna Ladva (Ladwa Manoj).