FX & CFD trading involves significant risk
Stock indices traded mixed ahead of the last Fed's monetary policy meeting. Market participants are awaiting the release of the last Fed's monetary policy meeting today. They will be looking for any signs of the recovery of the world's largest economy. There are speculations that stronger employment data may lead to interest rate hike by the Fed.
In the early trading session, stock were driven by the Chinese inflation data. The consumer price index in China increased 2.3% in June, missing expectations for a 2.4% rise, after a 2.5% gain in May.
Chinese producer price index fell 1.1% in June, in line with expectations, after a 1.4% drop in May.
These figures show that there is still weakness in the Chinese economy.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,718.04 -20.41 -0.30%
DAX 9,808.2 +35.53 +0.36%
CAC 40 4,359.84 +17.31 +0.40%
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