European Equity Expanding Profit Prior to Fed Policy Announcement

European equities are rising in the positive territory around noon Wednesday, traders are looking forward to establishing a position, fending off concerns over financial difficulties of Chinese real estate giant Evergrande and announcing the Federal Reserve Board’s policy. I am.

The UK’s FTSE 100 is up 1.25%, France’s CAC 40 is up 1.13%, Germany’s DAX is up 0.6% and Switzerland’s SMI is up 0.13%. The Pan-European STOXX 600 is up 0.65%. percent.

In the UK market, Entain Plc’s stake has skyrocketed by more than 7%, benefiting from the company’s announcement that it has received a $ 22.4 billion takeover offer from US-based DraftKings.

Antofagasta, HSBC Holdings, Standard Chartered, Glencore, Flutter Entertainment, Anglo Americal Plc, Prudential, Barclays Group, Lloyds Banking Group and BHP are up 3-4.5%.

Kingfisher has fallen by more than 2%, increasing losses from previous sessions. Severn Trent, AstraZeneca and Auto Trader Group are also significantly lower.

In the French market, ArcelorMittal, Renault, BNP Paribas, Crédit Agricole, Societe Generale, Technip and Valeo are up 3-4%. Kering, Vivendi, Accor, Publicis Groupe, Schneider Electric and Air France-KLM are also skyrocketing.

In Germany, Deutsche Bank, Daimler, Volkswagen, BMW, Allianz, HeidelbergCement, Munich Re, Bayer, Sartorius and Siemens increased by 1.3-4%.

According to Swiss National Bank data, the Swiss current account surplus expanded to CHF 10.510 billion in the June 2021 quarter, up from CHF 3.21 billion in the same period last year.

The Swiss National Bank will announce interest rate decisions on Thursday. The Bank of England’s monetary policy announcement is tomorrow.

The Federal Reserve Board’s two-day monetary policy meeting ends this afternoon, with the central bank planning to announce its policy at 2:00 pm Eastern Standard Time.

Investors look forward to the central bank’s view on the potential timing of the central bank’s bond purchase program tapering and the outlook for interest rates and inflation targeting.

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European Equity Expanding Profit Prior to Fed Policy Announcement

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