European stocks extend gains ahead of Fed decision

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The stock markets across the Eurozone regained poised and extended gains to fresh session highs ahead of the closely watched Fed rate decision.

    The pan-European Euro Stoxx 600 index advanced 0.70% to 362.07 levels. The blue chip index Stoxx 50 advanced 0.80% to 3268.50 levels. Among the regional indices, Germany’s DAX now trades 0.65% higher, along with a 0.64% rise in France’s CAC. UK’s FTSE also trades 0.8% higher.

    The investors remain focused on the FOMC policy meeting, which is widely expected to end with a 25bps hike. The central question haunting markets is how much of the move is already priced-in by the markets.

    Among the Stoxx 600 stocks, Swiss GMA holding is down 3.73%; the biggest loser. Germany’s Dialog lost 3.30%. The positive side includes names like Spain’s Abengoa; up 10.90%, UK’s Pearson and Shire; both up 3.8%.
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