European stock markets mid session: stocks traded lower on the Fed’s outlook of the global economy

Stock indices traded lower on the Fed's outlook of the global economy. The Fed released its interest rate decision on Thursday. The Fed kept its interest rate unchanged at 0.00%-0.25%.

The Fed took into account the slowdown in the global economy and low inflation expectations. That was the main reason to keep the monetary policy unchanged.

"Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term," the Fed said.

Meanwhile, the Eurozone's current account surplus declined slightly. Eurozone's current account surplus fell to a seasonally adjusted €22.6 billion in July from €24.9 billion in June. June's figure was revised down from a surplus of €25.4 billion.

The trade surplus rose to €26.9 billion in July from €26.6 billion in July, while primary income increased to €2.8 billion from €1.2 billion.

The surplus on services declined to €3.6 billion in July from €5.6 billion in June, while the secondary income increased to €10.7 billion from €8.4 billion.

Eurozone's unadjusted current account surplus soared to €33.3 billion in July from EUR 30.6 billion in June. June's figure was revised down from a surplus of €31.1 billion.

Current figures:

Name Price Change Change %

FTSE 100 6,157.58 -29.41 -0.48 %

DAX 10,025.17 -204.41 -2.00 %

CAC 40 4,580.32 -74.82 -1.61 %