European stock indices show a slight increase, continuing yesterday's trend. The focus of investors is on the meetings of the Bank of Japan and the Federal Reserve, the results of which will be announced on Wednesday
"The market is on standby in anticipation of the Fed meeting, - said Alan Mehoen, an analyst at Danske Bank A / S. - business cycle is weak at the moment, so that the Fed is likely to raise rates later this year. We expect that the volatility of the stock market in the next six months will increase, but the rate of growth of stocks can greatly slow down. "
Certain influence on trading had data from Germany. Statistical Office Destatis reported that up to August, producer prices decreased by 1.6 percent year on year, which was slower than the drop of 2 per cent in July. Excluding energy, producer prices fell by 0.3 per cent and compared with the previous year remained unchanged. On a monthly basis, producer prices fell by 0.1 percent, registering the first fall in six months. Recall that in July, prices increased by 0.2 percent.
The composite index of the largest companies in the region Stoxx Europe 600 grew by 0.2 percent. Stock indices in Spain, Portugal and Italy show the largest decline among the Western European markets, due to the drop in prices of the region's creditors. Shares of Banca Popolare di Milano Scarl and CaixaBank SA fell at least 2.1 percent.
Energy stocks also fell markedly affected by the renewed decline in oil prices. Capitalization of Total SA and BP Plc fell 0.5 percent and 0.7 percent.
Regus Plc cost decreased by 5.7 percent, as the company's founder, Mark Dixon sold 37 million shares.
Quotes of IG Group Holdings Plc fell 3.5 percent after the company said that the first quarter has been challenging due to reduced activity in the financial markets in July and August, which limited trading opportunities.
Shares of Bayer AG shares rose 1.3 percent, helped by the increase in sales forecast for its new drugs.
GVC Holdings Plc increased by 3 percent, as the company reported that annual profit and revenue will be closer to the upper boundary of the forecast range.
At the moment:
FTSE 100 +36.38 6849.93 + 0.53%
DAX +58.59 10432.46 + 0.56%
CAC 40 +13.27 4407.46 + 0.30%
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