European Markets Close Flat Ahead of Fed Decision; SocGen Up 2.5%

Friday, 9 November 2018 00:37 WIB

Stoxx 600SahamEropa


European equities traded a touch higher on average Thursday as market players shifted their focus to a Federal Reserve meeting.

The pan-European Stoxx 600 finished provisionally up by 0.1 percent at 367.08 with varied sentiment across sectors.

Country markets differed too with small gains in the U.K.'s FTSE 100, Spain's IBEX, and Swiss SMI offset by losses in France's CAC 40 and Germany's DAX.

Banking stocks outperformed most peers on the back of positive earnings. Societe Generale's shares were up by 2.1 percent after beating analysts' forecasts in the third quarter of the year. Commerzbank rose above 5.4 percent despite posting a 53 percent decline in net profit. The German bank still managed to beat expectations.

Source : CNBC


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