European stocks rise ahead of Fed meeting

Date:

European stocks rose on Tuesday, fearing a drop from new stocks. coronavirus Variants have declined and investors have been waiting for a decision from a major central bank meeting.

The Federal Reserve’s two-day monetary policy meeting begins late today, with economists doubling the pace at which central banks reduce their asset purchase programs to $ 30 billion per month to combat high inflation. I’m looking forward to it.

The European Central Bank, Bank of England and Bank of Japan will also announce monetary policy decisions this week.

A relatively quiet day on the economic calendar, market participants are waiting for Eurozone industrial production figures and US producer price inflation data for further directions in October.

The Pan-European STOXX 600 rose 0.4% to 475.22 after falling 0.4% on Monday.

Germany’s DAX, France’s CAC 40 index, and the UK’s FTSE 100 rose 0.4% to 0.5%.

ArcelorMittal rose 4.5% in Amsterdam. The world’s largest steelmaker said it has signed a repurchase agreement with a specific holder of convertible bonds for a $ 395 million repurchase program.

AutoStore Holdings lost 7.7% after the first round of patent infringement lawsuits filed by a Norwegian robotics company by Ocado Group, a UK online supermarket group.

Air Liquide Group, a gas, technology and services company, made a profit of about 1% in Paris. The company has signed a memorandum of understanding with CNH Industrial’s commercial vehicle brand IVECO to develop hydrogen for mobility in Europe.

The economy soared 3.3 percent. German electronics retailers said they expect sales to grow moderately in 2022.

Vifor Pharma surged 13% after Australian biopharmacy giant CSL announced that it would buy a Swiss pharmaceutical company for $ 11.7 billion.

Omega Diagnostic Group, health And nutrition products surged 5.7 percent in London.

According to the company, the Visitect Covid-19 antigen test can detect Omicron variants as effectively as other existing viral variants.

Minor Antofagasta rose 1.2% on news of setting many new goals in the capital market The day after today.

3i Group shares increased 1.3%. Private equity companies have announced that Jashiharai, now Group Financial Controller, will join the Group Board in May 2022 as Chief Operating Officer.

Pest control company Rentokil Initial fell 3.8% after agreeing to acquire Terminalix Global Holdings Inc. to expand its business in the United States.

Contact for comments and feedback: editorial@rttnews.com

Market analysis

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European stocks rise ahead of Fed meeting

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