Market news
20.10.2016, 10:37

Major stock indices in Europe trading mixed

European stocks remain near the opening level, move associated with the ECB meeting. In addition, investors continue to closely monitor the corporate reporting.

According to the forecast, ECB will leave the benchmark interest rate at zero and the deposit rate will remain at around -0.4%, while the marginal rate will remain at 0.25%. Most economists also expect that the Central Bank will hint at the possibility of extending the QE program, but a decision is unlikely to take place before December. "The tone of the ECB's statements probably signals a tendency to soft policy. We believe that the Central Bank refutes information about folding QE program until December and will not disclose details of the extension of the program. Perhaps in December, the ECB will extend the QE program until September 2017 and will adjust its structure ", - stated Bank of America Merrill Lynch.

The composite index of the largest companies in the region Stoxx Europe 600 trading lower by 0.05 percent. VStoxx Index, which measures the predicted volatility is dropping the third day in a row, and is now trading near a month low.

Capitalization of Publicis Groupe SA fell 6 percent after a report showed that the income of the French advertising company has not justified forecasts of experts in the 3rd quarter.

GEA Group has collapsed by 19 per cent, as the German engineering group said it expects a decrease in sales by the end of 2016.

Shares of Nestle SA fell 0.8 percent as the world's largest food company lowered its annual sales forecast.

The price Actelion shares It fell 3.1 percent after an improved outlook for the Swiss drugmaker earnings did not meet estimates.

Deutsche Lufthansa AG rose 7.8 percent after raising its forecast for airline profits.

At the moment:

FTSE 100 -4.46 7017.46 -0.06

DAX +28.73 10674.41 + 0.27%

CAC 40 +12.40 4532.70 + 0.27%

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