European Equities Slip In Line With Dollar

Mohammad Ali (@ChaudhryMAli88) Published July 28, 2016 | 06:30 PM

LONDON, (APP - UrduPoint / Pakistan Point News - 28th july, 2016) - European stocks and the dollar slid Thursday after the Federal Reserve held interest rates and indicated it would take a slow, measured approach to any hikes. Markets also digested a barrage of company results, including from Britain's Lloyds Banking Group, Rolls-Royce and Royal Dutch Shell, as well as France's Carrefour, BNP Paribas and Renault, and Germany's troubled Volkswagen.

London drifted 0.3 percent lower, while in the eurozone, Frankfurt dipped 0.2 percent and Paris lost 0.3 percent in value. Tokyo meanwhile led most Asian markets lower on worries over the size of the Bank of Japan's expected stimulus announcement due Friday. In early morning London foreign exchange deals, the European single currency jumped to a near two-week Dollar high at $1.1119.