European markets close Tuesday flat as Fed fears rise

Germany and UK close positive, while Italy, France, Spain end in negative territory

Stock markets in Europe closed flat on Tuesday as investors are waiting to hear the US Federal Reserve’s plans for possible tapering of asset purchases.

On Friday, Fed chief Jerome Powell will give a speech at the annual Jackson Hole symposium on US monetary plans.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, inched down 0.02% to close at 471.79.

London’s FTSE 100 and Germany’s DAX 30 were up 0.24% and 0.33% at 7,125 and 26,027 points, respectively.

While Italy’s FTSE MIB went down 0.07% to 26,027,France’s CAC 40 fell 0.28% to 6,664 and Spain’s IBEX 35 lost 0.22% to 8,948.


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