Fed cut interest rate expectations

European stocks fell in the early trading on Friday from their highest level in two weeks after the Federal Reserve’s decision (US central bank) to postpone raising interest rates.

STOXX index 600 fell 0.4% after reaching its highest level on the ninth of September.

Lundbeck shares, the biggest losers, fell 16.6% after the failure of producing Alzheimer’s treatment by a Danish pharmaceutical company in the final stage of the study.

Nikkei fell at the close of trading session on Friday as investors reap the financial sector dividends. The Nikkei average fell 0.3 percent, closing at 16,754.02 points. Topix index fell 0.2 percent to 1349.56 points, while the decline in JPX-index 400 rose 0.3 percent to close at 12105.95 points.

The dollar index fell slightly on Friday, heading for the biggest weekly losses incurred this month after the Federal Reserve (Fed) cut interest rate expectations in the long term and the monetary policy adjustment by the Bank of Japan.

The dollar index, which measures the US currency’s performance against a basket of major currencies, fell slightly to 95.388, while the euro rose 0.1 percent against the dollar to $ 1.1215.

Sterling fell towards $ 1.30 on Friday, under continued pressure due to concerns related to the exit of Britain from the European Union.

Leave A Reply

Your email address will not be published. Required fields are marked *