- European stock markets mid session: stocks increased as the Fed kept unchanged its interest rate
Market news
European stock markets mid session: stocks increased as the Fed kept unchanged its interest rate
Stock indices increased as the Fed kept unchanged its interest rate. The Fed cut its monthly asset purchases by another $10 billion to $35 billion and kept the Federal Funds Target Rate between zero and 0.25 percent. Market participants had expected this decision. The Fed pointed out that interest rates will remain unchanged for a considerable time after the Fed's asset purchase program ends.
The U.K. retail sales dropped 0.5% in May, in line with forecasts, after a 1.3% gain in April. That was the first drop since January.
On a yearly basis, retail sales in the U.K. climbed 3.9% in May, missing expectations for a 4.2% increase, after a 6.9% gain in April.
Rolls-Royce Holdings Plc surged 5.7% after announcing a 1 billion pounds share buyback.
Current figures:
FTSE 100 6,833.23 +54.67 +0.81%
DAX 10,009.34 +79.01 +0.80%
CAC 40 4,569.89 +39.52 +0.87%
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