According to trading, the British FTSE 100 fell to 6368,91 points, German DAX 30 – up to 10800,45 points, French CAC 40 – up to 4860,77 item on the background data about a rate hike by the fed in December, depending on employment and inflation.
MOSCOW, 29 Oct. Major stock indexes in Europe in the first hours of trading show a negative trend on Thursday in anticipation of the base rate increase by the fed in December; pessimism constrain financial results of companies in the region, and statistics from Germany, according to AFP.
As of 12.20 Moscow time the British index FTSE 100 dropped by 1.07% to 6368,91 points, German DAX 30 — on 0,31%, to 10800,45 points, French CAC 40 — on 0,61%, to 4860,77 item.
Investors on Thursday will have the opportunity to turn over statements by the U.S. Federal reserve made the day before. So, on Wednesday, the regulator once again kept its base rate at a minimum level of 0-0. 25%, as analysts expected. The fed did not rule out a rate hike in December, depending on employment and inflation.
Also in the spotlight of the markets are in corporate reporting of companies in the region. In particular, a sense of optimism about the investors of the message from the German chemical-pharmaceutical concern Bayer AG, which for the third quarter increased its net profit by 20.9% to EUR 999 million.
German Lufthansа reported that net income for the third quarter amounted to 794 million euros, an increase of 41.5% in annual terms.
Participants also drew attention to evidence that Germany’s unemployment rate in October was 6.4%, remaining at the level of September, which coincided with the forecast of analysts.