European stock exchanges closed with a drop
The main European stock indexes ended trading in negative territory.
negative territory. DAX (Germany) lost 0.31%, FTSE 100
(UK) - 0.26%, CAC 40 (France) - 0.028%. Investors
remain cautious in anticipation of the outcome of the U.S. Fed meeting;
In addition, corporate news influenced the dynamics.
In particular, the UBS bank informed about losses at the rate of $774 mln,
The reason for which was the failure by the Archeos Capital fund to meet its
obligations. This news resulted in the fall of the bank's securities cost
down 2%.
At the same time, the shares of HSBC and BP grew by 4.3% and 2.4%.
respectively. The driver was positive corporate
HSBC's net profit in the first trimester showed almost
HSBC's net income showed almost double growth ($4.6 bln) and BP made a profit of $4.7 bln after a loss-making year.
year of $4.7 billion.
IG analyst Chris Beauchamp estimates that investors are showing
restraint ahead of the results of the Fed's two-day meeting
which will end on Wednesday, France-Presse writes.