European exchanges showed mixed dynamics during the trading session on Friday, August 31. It seems that the statement of the Head of Federal Reserve System has not fully met investor’s hopes.
By the end of trading session British stock index FTSE 100 has become negative, with the 0.2 percent decline that has lowered the index to 5708.07 points. French index САС 40 has increased by 1 percent, having reached 3413.07 points. German DAX has gained 1.09 percent, having set at 6970.79 points.
On Friday at the conference in Jackson Hole the Head of FRS has failed to clearly explain the position of the institution. He is certainly aware of the fact that economic condition is unfavourable, but he has not mentioned the certain measures that are to be taken for economic stimulation. Ben Bernanke has simply highlighted that additional stimulation measures will be taken in case of necessity.
The chart below reflects the dynamics of British index FTSE 100, which has entered the “red” zone only by the end of trading session:
