Shares in EU start barely changed

Wednesday, 09. October 2019 09:03

Sentiment on Europe's largest stock markets were mostly flat on Wednesday at the opening bell. Concerns about the impact of the trade war between the United States and China and the new Brexit stalemate were only partly eased as the head of the Federal Reserve expressed determination to expand the balance sheet. Jerome Powell said in yesterday's speech that the US central bank would boost purchases of Treasury bills, short-term debt securities, but wouldn't go as far as to call the operations quantitative easing.

The FTSE 100 started barely above yesterday's closing level. Just Eat outperformed all other stocks, jumping 1.25%. The German DAX index was virtually unchanged. Vonovia was the best component, gaining 0.51%, while Wirecard was at the bottom of the pile with a 1.23% loss. The CAC 40 lost a mere 0.05% in Paris at the beginning of the session.

Gold strengthened 0.26% to $1,509.2 per ounce at 9:02 am CET, indicating risk-off mode. The euro rose 0.07% to $1.09644 and 0.17% to £0.89832. The pound was 0.1% lower at $1.22059.

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