Europe trades with losses...2 May 2019 09:43
Europe trades with losses in early trading after Fed
Markets in Europe were in the red during early trading on Thursday as investors digested yesterday's remarks of Federal Reserve Chairman Jerome Powell after the central bank decided to hold interest rates steady at 2.25% and 2.5% and maintain the policy of patience. Meanwhile, market watchers focused on the upcoming Bank of England monetary policy decision and its Governor Mark Carney's remarks due later today. Traders also digested a string of corporate earnings as BNP Paribas, ING, Volkswagen, and Shell reported their results before the opening bell. Economic data was also in the spotlight.
In Germany, DAX was down 0.03%, with Volkswagen offsetting some of the losses by rising 2.84% after reporting its financial results.
The French CAC 40 declined 0.46%, led by AXA losses of 4.86%.
London's FTSE 100 dropped 0.44%. Lloyds was among the biggest losers, down 2.30% after releasing its earnings before the bell.
The euro was flat against the US dollar, up 0.03% to go for 1.1197 at 9:24 am CET while it lost 0.10% against the British pound to sell for 0.8569 at 9:25 am CET.
Breaking the News / VK