Major stock indices in Europe show a moderate decline

European stocks traded in the red zone, continuing the trend of the previous seven sessions. Investors' concerns about the result of the US presidential election, scheduled for 8 November and tonight's FOMC statement the main reasons.

A recent survey conducted by The Washington Post and ABC revealed that Donalt Trump votes suddenly burst forward as 46% of respondents would vote and for Clinton 45%.

However, the results of IBD / TIPP poll showed that Clinton has completely lost the advantage and would now eceiv 44% of the votes.

Final data presented by Markit Economics showed that the index of business activity in the manufacturing sector of the eurozone increased sharply in October, reaching its highest level in almost three years. Furthermore, further recovery in inflationary pressures existed, which could welcome the European Central Bank officials, who for a long time trying to accelerate growth and inflation. According to the report, the final purchasing managers' index (PMI) for the manufacturing sector rose to 33-month high in October and amounted to 53.5 points. Recall that in September, the index was at 52.6 points.

Meanwhile, a report from Markit Economics / CIPS showed that the rate of growth of activity in the UK construction sector accelerated in October, hitting 7-month high, due to an increase in housing construction. However, the slowdown in new orders and a sharp rise in prices for building materials overshadow the prospects of the sector. According to the data, the PMI index unexpectedly improved in October to 52.6 points from 52.3 points in September. Analysts had forecast a decline to 51.8 points. Although recent data showed signs that the economy has maintained its momentum in the months after the referendum, there were clear grounds to assume that next year the situation may be more difficult.

The composite index of the largest companies in the region Stoxx Europe Index 600 decreased by 0.6 percent. Almost all of the 19 industry groups show a negative dynamic, led by shares of financial firms. Automakers shares decreases against the strengthening euro. Meanwhile, VSTOXX index, which measures the predicted volatility rose 2.8 percent rising 8th day in a row, which is the longest series in more than five years.

Shares of Moller-Maersk fell 9.2 percent after a sharp drop in earnings reports. The company explained that the shipping industry is suffering from overcapacity.

Hugo Boss securities rose 6.5 percent amid reports that earnings exceeded expectations due to cost reduction and revenue growth in China.

Prices of H. Lundbeck has increased by 7 per cent after the pharmaceutical company raised its full-year outlook for earnings.

At the moment:

FTSE 100 6899.33 -17.81 -0.26%

DAX -79.76 10446.40 -0.76%

CAC 40 4444.37 -25.91 -0.58%