Major stock indices in Europe down moderately

European stocks fall as investors assess optimistic comments about the US economy and the chances of an early rate hike by the Federal Reserve.

On Friday, European shares rose on the statement by Janet Yellen that Fed intends to adhere to the gradual approach to raising rates amid recovery of the US economy, expressed by the strengthening of the labor market and inflation acceleration.

The composite index of the largest companies in the region Stoxx Europe 600 fell during trading 0,5% – to 342.08 points. UK stock market closed today in connection with the summer bank holiday.

Shares of mining companies lower against the backdrop of cheaper metals prices. ArcelorMittal Share prices fell by 1%.

The market value of Alstom SA increased by 2.4% on news that the firm is commissioned to design and manufacture high-speed trains for the American corporation Amtrak.

Shares of fashion house Prada rose 2% after the statements that in the next year the company will return to growth in profit and revenue.

Stada’s shares were down 1.3% as Active Ownership Capital investor were able to convince the shareholders to vote for the resignation of Stada Chairman of the Supervisory Board of the company, but did not achieve the appointment of its own candidate.

At the moment:

FTSE Closed

DAX 10504.34 -83.43 -0.79%

CAC 4396.01 -45.86 -1.03%

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