European stock exchanges closed with a drop
The main European stock indexes ended trading in negative territory. negative territory. DAX (Germany) lost 0.31%, FTSE 100 (UK) - 0.26%, CAC 40 (France) - 0.028%. Investors remain cautious in anticipation of the outcome of the U.S. Fed meeting; In addition, corporate news influenced the dynamics. In particular, the UBS bank informed about losses at the rate of $774 mln, The reason for which was the failure by the Archeos Capital fund to meet its obligations. This news resulted in the fall of the bank's securities cost down 2%. At the same time, the shares of HSBC and BP grew by 4.3% and 2.4%. respectively. The driver was positive corporate HSBC's net profit in the first trimester showed almost HSBC's net income showed almost double growth ($4.6 bln) and BP made a profit of $4.7 bln after a loss-making year. year of $4.7 billion. IG analyst Chris Beauchamp estimates that investors are showing restraint ahead of the results of the Fed's two-day meeting which will end on Wednesday, France-Presse writes.