European markets fell waiting for the Fed report

Wednesday, Feb 22, the European markets witnessed stocks fall. This is a market response to the U.S. Federal Reserve’s latest monetary policy meeting. 

In the morning, the pan-European Stoxx 600 index was down 0.95%, with most sectors declining. Mining stocks lost 2.5%, banks lost 1.6%, and media stocks gained 0.25%.

The declining trend started on a previous day, Feb 21, as U.S. stocks had their worst day of the year due to the risks that Fed would keep rates higher for longer than previously thought.

The Asia-Pacific markets were lower after Wall Street’s drastic losses overnight, and New Zealand’s central bank went on increasing the interest rate.

However, there are some stocks on the up-move. These are the kidney dialysis services company Fresenius Medical Care stocks that topped European stocks in morning trade, up 10.7%.