European stocks end lower as Fed boost offset by resource losses | Malay Mail

The pan-European STOXX 600 index closed down 0.6 per cent, with mining stocks ranking among the biggest percentage losers as raw material prices retreated. — Reuters pic

Local stocks also lagged their peers in the United States, with Wall Street indexes touching new highs after the Fed announcement. European shares are yet to recover entirely from lows hit during the pandemic, unlike Wall Street. “The Fed's new language gives them the flexibility to let the economy run a little hotter before contemplating raising interest rates and gives the green light to more modest yield curve steepening and dollar weakness,” economists at ING wrote in a note.

Recent data has also suggested that an economic recovery in the bloc may be stalling after jumping sharply from pandemic-driven lows.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

European stocks end higher on tech boost, stimulus hopes | Malay MailLONDON, Aug 27 — European stocks closed higher yesterday as news of additional stimulus in Germany and anticipated economic recovery measures in France overcame concerns about rising Covid-19 cases across the continent. The pan-European STOXX 600 index added 0.9 per cent, with German stocks up 1...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

European stocks fall ahead of Powell speech as banks slide | Malay MailLONDON, Aug 27 — A cautious mood prevailed in European equity markets today as investors looked ahead to the US Federal Reserve Chairman Jerome Powell’s outlook on monetary policy. The pan-European STOXX 600 index slipped 0.3 per cent, with banks being the biggest drags after HSBC fell 2.2 per...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »