Pedestrians wearing protective face masks pass a McDonalds Corp. fast food restaurant near the skyscraper offices of Sparkasse AG, center, in Frankfurt, Germany, on Wednesday 19 August 2020. Germany registered the highest number of new cases of coronavirus in almost four months, fighting fears of a resurgence of infections in Europe. Photographer: Alex Kraus / Bloomberg
Alex Kraus / Bloomberg News
European equities fell on Thursday after the US Federal Reserve offered a divergent economic outlook and largely ruled out one way to tackle it.
The Stoxx Europe 600 SXXP,
fell 0.9%, and similar declines were seen for other regional indices, including the German DAX DAX,
Futures on the Dow industrials YM00,
fell 72 points after the drop of 85 points for the Dow DJIA,
on Wednesday.
After European markets closed on Wednesday, minutes released from the July meeting of the Federal Reserve provided a cautious view of the world’s largest economy and excluded control over yield curves, at least in the short term , as a way to introduce stimulus.
“The lack of a more forward-thinking attitude about the assessment’s conclusions – coupled with a sober look at the second – half perspective and a firm rejection of control over the rendering curve in the current circumstances – is likely to be responsible for the immediate risk. -off / financial circumstances response to financial markets, ”said Krishna Guha, Vice President of Evercore ISI. Guha said he was “relaxed and confident” that the central bank would adopt a soft average inflation policy at its September meeting.
MICEX RU of Russia: MOEX
index fell 1.1% as opposition spokeswoman Alexei Navalny said he was in a coma and on a ventilator in a hospital for intensive care units in Siberia after falling ill with suspected poisoning during a flight. The poisoning comes because Russia has supported Belarus after controversial elections.
Of shares in the spotlight was the UK-listed Chilean copper miner Antofagasta ANTO,
glide after reporting that profits from the first half fell and said production would be at the low end of its target range for the year.
Dutch payment processing company Adyen ADYEN,
one of the heaviest stocks in Europe, fell after reporting 23% growth in payment processing volume in the first half of the year. The gain actually fell 15% as a result of derivative liability tied to the own share price.
Swedish private equity firm EQT EQT,
fell after reporting a decline in the first half of the corporate margin to 30% from 42% after increasing the number of employees pending future expansion and due to lower fund values in implemented interest-generating funds. Barron’s reported separately that EdgeConneX’s acquisition of EQT on Wednesday was between $ 2.5 billion and $ 3 billion.
.
