European stocks suffer as the Fed's decision creates a negative effect
- 9 months ago
Powell decision to raise rates has had European stocks trading negative, as the pan-European STOXX600 index fell to its lowest since December 2016, trading at 1% below that mark in early exchanges.
London’s FTSE100, Frankfurt’s DAX and the French CAC40 all fell by 2% before staging a comeback, Airbus dropped by 9% as the U.S. Department of Justice has announced it will investigate the aircraft maker for inappropriate practices, however it recovered some of the lost ground albeit still in the red at a 4% loss.
Meanwhile the BoA (Bank of England) has kept rates at a steady 0.75% as the ongoing Brexit dilemma still offers no real insight into how the British economy will fate until a deal in Parlaiment is reached.
Source: Smart Trend Team