European exchanges opened moderately lower on news from USA

European exchanges opened moderately lower on news from USA


The British FTSE 100 was down 0.37%, the German DAX 30 is down 0.25%, France’s CAC 40 declined 0.37%, to 4838,75 item.

MOSCOW, 13 Nov. Stock indexes of Europe on Friday at the opening of trading continued the decline recorded the previous day, following statements by the representatives of the U.S. Federal reserve, according to AFP.

As of 11.22 Moscow time the British index FTSE 100 decreased 0.37% to 6155,35 points, German DAX 30 — on 0,25%, to 10755,68 points, French CAC 40 — on 0,37%, to 4838,75 item.

The main theme for the exchanges remains the possibility of a December rate hike by the fed. Speaking on Thursday, the representatives of the Federal reserve gave to understand that for the first time since 2006, the rate hike the regulator will continue to gradually increase. Global investors are concerned that this move may have a negative impact on the growth rate of the world economy.

In addition to news from the U.S., the focus for investors on Friday is the statistics from Europe. So, before the opening of the exchanges it became known that the French GDP in III quarter of 2015 increased by 0.3% compared with the previous quarter and by 1.2% in annual terms, which was above analysts ‘ forecasts of 1.1%.

GDP in Europe’s largest economy, Germany, grew in the third quarter of 2015, according to preliminary estimates, 1.8% in annual terms. If this office indicates that seasonally adjusted GDP growth in Germany in III quarter in annual terms amounted to 1.7%. This figure is in line with analysts ‘ forecasts.

After the data on GDP of Germany and France investors with optimistic data on the growth of the economy of the entire Eurozone. According to analysts, the growth rate of the Eurozone GDP in the third quarter, accelerated to 1.7% in annual terms, after rising 1.5% in the second quarter. Expectations of such indicators helps to limit the negative on the European exchanges.