European Equity Market Update

 

Europe is currently down 1.44 percent after the Fed left policy on hold after speculation earlier in the day that further stimulus measure may be announced. Reports that differences are emerging regarding the implementation of last week's EU agreement also weigh on the markets and the euro is down at the 1.30 level and 11 month low. Equity markets drift on thin volume as investors remain cautious into the holiday period. Volumes in Europe are down 18 percent versus the 20 day average.

Sector moves: Autos -2.7 percent ; Industrials -1.5 percent ; Financials -1.4 percent ; Basic Materials -1.2 percent; Tobacco +0.4 percent ; Health care -0.5 percent ; Utilities -1 percent ; Oil & Gas -1.1 percent