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European stocks hit by Fed’s verdict, dive deep in the red

FXStreet (Mumbai) - Stocks in Europe reacted negatively to the recent Fed decision and fell deep in the red on Friday, as Fed’s worries about recent global economic and financial developments, as voiced in the FOMC statement, hamper investors’ sentiment.

The DAX – main laggard

Germany’s benchmark, the DAX 30, emerged the biggest loser as markets weighed the latest Euro zone’s current account data which showed that the 19-nation bloc’s current account surplus stood at €22.6 billion for the month of July, shrinking from €24.9 billion in June. Looking ahead, the Friday session in Europe now remains calm in terms of economic news.

Germany's DAX 30 index slipped 1.30% to 10,097, while the UK FTSE 100 index dropped 0.20% to 6,175. Among the other indices, the French CAC 40 index lost 1.05% to 4,606, while the pan-European Euro Stoxx 50 index decreased 1.22% to 3,216.

GBP/USD at fresh session highs

The GBP/USD pair clocked a fresh high of 1.5610 levels in early Europe as the USD continues to find fresh offers after dovish Fed and amid weak European stocks.
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EUR/USD shoots higher near 1.1450

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