Economic news

European stocks wobble ahead of Fed's decision

European stocks indexes struggled for direction in early trading on Wednesday as traders waited for further signals from the U.S. Federal Reserve on future rate increases.

Photo: Reuters

The pan-European STOXX 600 was 0.1% higher at 388.05.

The DAX 30 index in Germany inched up 0.1% to reach 12,848.71. Britain’s FTSE 100 was up 0.1% at 7,713.36. Paris CAC 40 index rose 0.3% to 5,471.44, while Italy’s FTSE MIB index soared 0.6% to 22,263.71. Spain’s IBEX 35 dropped 0.4% to 9,874.50.

Euro zone factory production declined 0.9 percent compared to last month, Eurostat reported.

Zara owner Inditex rose 0.3% following strong results in the fiscal first quarter.

Shares in Glencore climbed 2.4% after the company announced the restructuring of its unit Katanga Mining Ltd, involving converting $5.6 billion of Kamoto’s debt to equity to fix a capital deficiency.

BP lost less than 0,1%, Royal Dutch Shell - 0,2%, Total - 0,5% due to decline in crude prices.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree