European equities finished mixed ahead of the FOMC minutes

Wednesday, November 20, 2013

European equity markets ended fairly mixed in today’s trading session as investors remained fairly cautious ahead of the US Fed statement later this evening. In the meantime, Wall Street reports gains with Dow Jones and S&P 500 rising more than 0.15%.

London slid lower today as many heavy-weighed stocks went ex-dividend, prompting investors to some profit-taking. Vodafone, Carnival, Sainsbury’s and Tate & Lyle all finished slightly lower today.

On the macroeconomic front, US retail sales climbed by 0.4% in October beating analysts’ expectations, while CPI inflation fell by 0.1% in the same month. However, existing home sales declined sharply by 3.2%, more than analysts estimated, partially due to tight supply and higher mortgage costs. 

The FOMC minutes are due to be released this evening. Tomorrow, investors will be keeping an eye on the US weekly jobless claims as well as Chinese HSBC flash PMI data. 

More from: Myrto Sokou