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- European stocks close: stocks closed lower before FOMC's minutes
European stocks close: stocks closed lower before FOMC's minutes
Stock indices closed lower. Market participants are awaiting the release of the FOMC's minutes later in the day.
The Bank of England (BoE) released the minutes of its August meeting. Two members of the BoE's Monetary Policy Committee unexpectedly voted to hike interest rate to 0.75% from 0.5% in August. Other seven members voted to keep interest rate on hold. That was the first split in more than three years.
German producer price index decreased 0.1% in July, missing expectations for a 0.1% rise, after 0.0% in June.
On a yearly basis, German producer price index fell 0.8% in July, after a 0.7% drop in June.
Balfour Beatty Plc shares dropped 6.3% after rejecting a bid by Carillion Plc.
Carlsberg A/S shares fell 3.6% after the company lowered its full-year earnings forecast.
Heineken NV shares rose 7.9% after reporting the better-than-forecasted first-half profit.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,755.48 -23.83 -0.35%
DAX 9,314.57 -19.71 -0.21%
CAC 40 4,240.79 -13.66 -0.32%
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