European stocks in red zone against backdrop Fed meeting
2022.12.14 03:45
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European stocks in red zone against backdrop Fed meeting
Budrigannews.com – Investors were cautious ahead of the U.S. Federal Reserve’s decision on interest rates, and as a result, European shares fell on Wednesday from near one-week highs reached in the previous session.
At 08:14 GMT, the region as a whole was down 0.4%.
The index had risen by more than one percent on Tuesday as equities around the world benefited from softer-than-anticipated U.S. inflation data that raised hopes that the Federal Reserve would move toward fewer rate hikes.
The majority of STOXX 600 sectors lost money on Wednesday. The decline was led by a 1.1% decline in travel and leisure stocks, followed by a 0.8% decline in technology stocks.
Energy gained 0.3 percent, while banks also gained.
More Australian ASX 200 index rose 0.70% at close
In the most recent fiscal year, TUI, the largest holiday company in the world, turned a profit. However, the company’s London-listed shares were the biggest losers on the STOXX 600, losing 4.8 percent.
