EU stocks edge lower
On Thursday, EU stocks started lower, when the Fed and the BOJ made up their mind to leave their monetary policies intact.
During European morning trading session, the EURO Stoxx 50 dipped 0.45%, French CAC 40 descended 0.50%, while German DAX 30 lacked 0.17%.
On Wednesday, the Fed left its interest rates intact, almost close to zero, and disclosed a little on future rate surges.
In its statement issued following the recent two-day gathering, the Fed unveiled its intention to keep closely monitoring inflation as well as global economic and financial development.
Meanwhile, financial markets were shocked by the BOJ’s recent verdict to leave its current monetary policy unchanged, thus ruining expectations for extra stimulus measures.
Financial shares traded lower. For instance, French lenders Societe Generale and well as Paribas edged down respectively 0.67% and 0.77%. Simultaneously, German Commerzbank tumbled 0.33%.
Deutsche Bank managed to outperform, with a 3.99% surge.