On June 12, 2024, at the New York Stock Exchange in New York City, the United States, the press conference held by Federal Reserve Chairman Powell after the Federal Reserve announced interest rates was playing on the screen, and a trader was working.
Brendan McDermid | Reuters
LONDON – European stocks ended lower on Thursday as regional investors reacted to the Federal Reserve’s latest monetary policy decision and U.S. inflation data.
this Stoke 600 The index closed down 1.3%, retreating after firming on Wednesday.
All sectors ended lower, led by auto stocks, which fell 2.3% after touching their lowest level in four months.
Markets have digested a flurry of news from the industry this week, most notably the EU’s plans to impose higher tariffs on Chinese electric car makers and a UK investigation into emissions claims.
Shares in troubled French IT group Athos Initially down 14% announced sale Business at its consulting arm Worldgrid then returned to normal. The company this week agreed to a rescue deal that would significantly dilute existing shareholders.
The move follows the release of the latest U.S. inflation data. The consumer price index remained unchanged in May, below the Dow Jones forecast of a 0.1% monthly increase. The inflation indicator rose 3.3% from the same period last year, which was also lower than expected.
“Inflation has eased over the past year but remains elevated,” the Fed said in a post-meeting statement, echoing language in its last statement. In the United States, markets were lower even as the S&P 500 index hovered near record levels.
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