Moscow. December 14. European stock indices fell on Friday for the fourth session in a row, the week was for the stock market in the region the heaviest since August, reports Bloomberg.
The market awaits the Federal reserve’s (fed) on 15-16 December. According to futures quotations at the level of basic interest rates, the probability of her first since 2006, increasing the Fed meeting on December 15-16, is estimated by traders at 76%.
The composite index of the largest enterprises of the region Stoxx Europe 600 fell 2% by the close of trading, the increase in prices was observed for 36 of the companies included in this list. For a week the value of the indicator has decreased on 4% – to the lowest level in two months.
Stoxx Europe 600 lost 7.8% in December amid decline in commodity markets and disappointing actions of the European Central Bank (ECB).
The index of the largest companies in the Eurozone Euro Stoxx 50 fell by 11 December at 2%, French CAC 40 – on 1,8%, British FTSE 100 – on 2,2%, and German DAX – by 2.4%.
“Although everyone is expecting a rate hike by the fed next week, many questions remained about the future of monetary policy”, – said the chief investment Director of Prime Partners françois Savary.
On Friday, the decline was led by the brands – Renalut and BMW lost more than 3.3% of capitalization, and also the commodity companies: the prices of securities of Anglo American and BHP Billiton fell by 8.1% and 5.3% respectively.
The value of the shares of Eurofins Scientific SE tumbled 9.7% after the French company involved in laboratory research in the pharmaceutical and food industry, rejected the additional issue of shares, noting the adverse market conditions.
Paper Suez Environnement rose by 0.2% on the information of the newspaper Les Echos that the company’s largest shareholder – Engie – can take it fully under their control.
The share price of British construction company Bellway rose 4.1%. Bellway expects that the average price of homes it sold in the current fiscal year will increase by approximately 10%.