(RTTNews) – European stocks closed higher after a cautious consultation on Wednesday, as investors eagerly awaited the U. S. Federal Reserve’s financial policy announcement. USA
The Fed is expected to announce plans to begin phasing out its $ 120 billion per month bond purchases through mid-November or December. The accompanying language deserves to provide clues about the outlook for interest rates.
Traders were waiting for Fed Chairman Jerome Powell’s post-meeting press conference.
Markets were eagerly awaiting the Bank of England’s policy announcement, which was expected on Thursday.
Among European markets, Austria, Belgium, Czech Republic, Finland, Greece, Ireland, Netherlands, Norway, Sweden and Turkey closed higher.
Poland, Portugal, Russia and Spain fell, while Denmark and Iceland ended unchanged.
In the UK market, Pearson, Fresnillo, IAG, Smith
Darktrace shares closed down more than 5%. Coca-Cola, Next, BP, Informa, B
Technip, Sodexo, Airbus, Safran, Vinci, Bouygues and Publicis Group ended with moderate losses.
In Germany, HelloFresh rose nearly 7%, extending recent gains. BME gained more than 3% after reporting a top quarterly profit.
Deutsche Wohnen, Continental, Adidas, Puma, Deutsche Telekom, Merck, Infineon Technologies, Henkel, HeidelbergCement, Deutsche Bank and Deutsche Post 1 at 3. 5%.
Airline Lufthansa jumped nearly 7% as it returned to profit for the first time since the coronavirus crisis, while software company TeamViewer gained about 11% after confirming its forecast.
Vestas, the world’s largest wind turbine manufacturer, plunged sharply after pronouncing a decline in its profit margin for the third quarter of 2021 due to origin chain instability and charge inflation.
In economic publications, space costs in the UK rose by 9. 9% year-on-year in October, after 10% in September, according to the Nationwide Building Society. Economists had predicted that the rate of expansion would slow to 9. 3%.
On a monthly basis, housing costs rose 0. 7% after emerging 0. 2% in September. Prices are expected to rise by 0. 4%.
Britain’s facilities sector saw strong expansion momentum in October thanks to physically powerful new paints as a component of reopening the economy and looser foreign restrictions, the final effects of the IHS Markit survey showed.
The eurozone’s unemployment rate fell in September, falling to a seasonally adjusted 7. 4% from 7. 5% last month, according to Eurostat data. The rate is in line with economists’ expectations.