The euro zone economy declined 0.1% in the second quarter, but European indicators did not reflect this data in Wednesday’s session.
The Lisbon Stock Exchange advanced by 0.95% and reached 6,315.76 points in Wednesday’s session, coinciding with the positive feeling experienced by the most important European markets. The negotiations in positive territory contradicted figures released by Eurostat in the morning, which reported a slowdown in the region’s economy of 0.1% in the third quarter.
Banque Centrale Populaire bonds topped the session, rising by 3.66% to reach 0.3002 euros. It was followed by Jeronimo Martinez, which added 1.38% to 22.08 euros, while Mota Angel shares jumped 1.14% and closed at 3.105 euros. On the other hand, the biggest loss was caused by Corticeira Amorim shares, which fell by 0.65% to 9.11 euros.
On the day of the US Federal Reserve meeting, the sentiment was optimistic among major European indices. The largest increase was in Italy by 0.83%. Germany followed, advancing 0.76%, while the Euro Stoxx 50 added 0.73%. France jumped by 0.65%, followed by Spain, which added 0.64%. The United Kingdom advanced by 0.32%.
After the end of the session in European markets, the Federal Reserve (Federal Reserve) meeting ended with the decision to keep interest rates between 5.25% and 5.5%. After a long period of strict policies at this level, with massive increases in interest rates, this organization now seems willing to see the effects of current rates over a longer period. The move appears to have pleased investors in North American indices, who were trading in positive territory after the announcement.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
