• European stocks close: stocks traded mixed ahead of Fed monetary policy decision

Market news

30 April 2014

European stocks close: stocks traded mixed ahead of Fed monetary policy decision

European stocks traded mixed ahead of Fed monetary policy decision. A slowdown had a negative effect on the European stock markets. U.S. Gross domestic product (GDP) increased 0.1% in the first quarter. This slow growth is a result of a cold winter in the USA. The U.S. economy climbed 2.6% in the previous quarter. Analysts forecasted the increase of 1.1%.

Alstom SA shares increased 9.8% after Alstom confirmed that the company is discussing an acquisition of its energy business, by General Electric.

Royal Dutch Shell Plc was up 3.1% after announcing the lower-than-expected fall of its profit in the first quarter.

Osram Licht AG dropped 6.7% caused by the worse results.

Indexes on the close:

Name                                   Price                                    Change                 Change %

FTSE 100                              6,780.03                              +10.12                     +0.15%

DAX                                      9,603.23                              +19.11                     +0.20%

CAC 40                                 4,487.39                              -10.29                     -0.23%

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