Major stock indices in Europe show a negative trend

European stocks traded in the red zone for the fourth time in the last five sessions. The pressure on the shares put fears for the global economy, weak accountability of several European companies, as well as the negative dynamics of the oil market.

Investors are also watching for CB leaders in an attempt to get hints about changes in monetary policy. On Friday, Fed Chairman Yellen noted that he supports the idea of ​​continuing low interest rates, as this may allow the economy to gain momentum and mitigate the effects of a prolonged period of weak growth. Meanwhile, today the Federal Reserve Bank of Boston President Rosengren said that the low level of unemployment in the US in the near future will lead to full employment and it will make the voting members of the FOMC more confident about the growth of interest rates. "I think that in November the Fed will still be inactive, however, in December, it would be reasonable to raise interest rates", - said Rosengren. Also he noted Rosengren predicted 2% inflation target by the end of 2017.

In addition, attention gradually shifted to the ECB meeting. Most likely, the base rate will be left at the zero level, and the amount of monthly asset purchases - at the level of 80 billion euros. Most economists also expect that the Central Bank will extend the QE program, which should be completed in March 2017, but this decision is unlikely to be taken before December. Meanwhile, ECB President Draghi may announce changes in the structure of the program, aimed at preventing possible shortages of acquired assets.

The statistical agency Eurostat reported that consumer prices in the eurozone rose by 0.4% after rising 0.2% in September, Annual inflation was -0.1%. Meanwhile, the growth rate of annual inflation accelerated in September to 0.4% from 0.2% in the previous month. Last Change (MoM and YoY) in line with expectations and preliminary estimate. The base index, which excludes energy and food prices, rose 0.8% year on year, confirming the forecasts and coincided with the previous estimate. In August, the index also increased by 0.8%. The maximum rise in prices in the euro area (in annual terms) was seen in restaurants and cafes (+ 0.08%). Expenses for the rent increased by 0.05%. The cost of tobacco products also increased by 0.05%. Most of the decrease in prices for fuel for transport (-0.12%), gas (-0.11%) and heating oil (-0.10%).

The composite index of the largest companies in the region Stoxx Europe Index 600 lost 0.7 percent.

Pearson Plc's capitalization declined by 10.6 per cent after the company, which publishes the influential newspaper "Financial Times, reported a reduction in quarterly earnings and warned of difficult trading conditions.

Cost of Marine Harvest has fallen to 3.6 percent, as the company lowered its production target figures for 2016.

Shares of Banco Popolare and Banca Popolare di Milano fell by 1.3 per cent and 5.6 per cent after its shareholders have approved their merger, clearing the way for the formation of the third-largest lender in Italy.

Quotes of retailer Hennes & Mauritz fell 1.5 percent. The company reported that comparable sales rose in September by 1%, as the unusually warm weather negatively affected the sales of winter clothes.

At the moment:

FTSE 100 6953.91 -59.64 -0.85%

DAX -68.67 10511.71 -0.65%

CAC 40 4445.60 -25.32 -0.57%