EU bourses hit by FOMC meeting

21 February 2013

European markets opened lower Thursday, with the German DAX index slipping 0.6 percent at the beginning of today’s trading. The French CAC 40 and the British FTSE 250 both fell slightly, while the WIG20 index in Warsaw slumped by as much as 0.8 percent.
The indexes were hit by the report on the yesterday’s Federal Reserve meeting in the US, showing some of the FOMC committee members have concerns about the central bank’s monetary fund monetary-easing program. Shortly after the news was released, the US key indexes dropped, with S&P 500 falling a full 1.2 percent, Nasdaq 100 1.5 percent and Dow Jones slumped 0.8 percent.

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