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Stock indices traded higher. The Fed released the results of its monetary policy meeting. The Fed kept its interest rate unchanged at 0.00-0.25%, but it cut its asset purchase program by another $10 billion to $15 billion. The Fed added it want to close its asset purchase program in the next month. This decision was expected by market participants.
The Fed also said it will keep its interest rate unchanged for "a considerable time after the asset purchase program ends".
The Fed noted "there remains significant underutilization of labor resources".
The Fed raised its estimates for interest rate. The U.S. central bank said interest rate will be 3.75% at the end of 2017.
The European Central Bank said today it allotted €82.6 billion in its new Targeted Long Term Refinancing Operation (TLTRO). Analysts had expected €174 billion.
Market participants are awaiting the results of the Scotland's independence referendum today.
Bayer AG shares jumped 6% after releasing plans to spin off its plastics unit.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,819.29 +38.39 +0.57%
DAX 9,798.13 +136.63 +1.41%
CAC 40 4,464.7 +33.29 +0.75%
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