TELETRADER News
8/18, 8:58 AM (Source: TeleTrader)
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Europe opens mixed after US FOMC's remarks

Major stock market indexes in Europe opened mixed on Thursday after the United States Federal Open Market Committee (FOMC) stated in its latest minutes it believes that raising interest rates will persist for some time to get inflation back to its target. Later in the day, the Eurozone will reveal how the ongoing crisis affected its construction output in June. Meanwhile, the conflict in Ukraine continued, with Russia accusing Kiev of planning to stage the shelling of the Zaporizhzhia Nuclear Power Plant (ZNPP) during United Nations (UN) Secretary-General Antonio Guterres's visit.

The DAX opened 0.16% higher as Vonovia SE advanced by 0.83%. On the other hand, the FTSE 100 fell by 0.12%, with Abrdn PLC plunging by 4.25%. Meanwhile, the CAC 40 stood flat.

The euro lost 0.25% to the dollar at 8:58 am CET to sell for $1.01553. At the same minute, the pound sterling went down by 0.35% against the greenback to change hands for $1.20062.

Baha Breaking News (BBN) / JR