FXStreet (Mumbai) – Stocks on the European bourses although started the session on Friday on a positive note, a renewed wave of risk-aversion seems to have hit the markets, dragging the indices back in the red.
Cautious tone persists ahead of the Fed decision
Asian stock markets closed mainly lower on Friday as a lack of economic releases forced investors to shift their focus towards a slew of macro releases from China ahead of the Fed’s meeting next week.
European stocks extend previous declines as the increased nervousness ahead of the Fed meeting keeps investors on the edge. While markets were little impressed by the German CPI figures which remained steady at 0.2% in August, the same as in July, while prices showed no growth when measured on a monthly basis.
Germany’s DAX 30 index lost 0.96% to 10,114, while the UK’s FTSE 100 index fell 0.39% to 6,131. Among the other indices, the French CAC 40 index gave up 0.87% to 4,556, while the pan-European Euro Stoxx 50 index decreased -0.95% to 3,190.
(Market News Provided by FXstreet)