Market Jitters: Stocks Plummet as Investors Await FOMC Verdict, Government Bonds Take a Hit
News Context
At a glance
- European stocks experienced a decline on September 18th, with market attention focused on the Federal Open Market Committee's (FOMC) announcement of interest rates and future monetary policy.
- European government bonds, including German and British government bonds, generally fell.
European Stocks Fall Ahead of Federal Open Market Committee’s Interest Rate Announcement
European stocks experienced a decline on September 18th, with market attention focused on the Federal Open Market Committee’s (FOMC) announcement of interest rates and future monetary policy. The Stoxx Europe 600 Index fell by 0.5%, with consumer goods and media stocks leading the decline, while auto and energy stocks rose.
European government bonds, including German and British government bonds, generally fell. The decline in bond prices led to an increase in yields, with the German 2-year government bond yield rising by 0.04% to 2.26% and the UK 10-year government bond yield increasing by 0.08% to 3.85%.
Market Overview for September 18th
| Stock | Closing Price | Change from Previous Trading Day | Percentage Change |
|---|---|---|---|
| STOXX European stocks 600 | 14.59 | -2.60 | -0.50% |
| UK FTSE 100 | 8,253.68 | -56.18 | -0.68% |
| German DAX | 18,711.49 | -14.59 | -0.08% |
| French CAC | 407,444.90 | -42.52 | -0.57% |
Bond Yields for September 18th
| Bond | Latest Yield | Change from Previous Trading Day |
|---|---|---|
| German government bond 2-year | 2.26% | +0.04 |
| German government bond 10-year | 2.19% | +0.05 |
| UK government bond 10-year | 3.85% | +0.08 |