Stocks closed lower after listed companies delivered disappointing results and forecasts yesterday. Energy stocks fell more than the rest of the market as the price of crude oil dropped to its lowest level since August.
Volkswagen AG Chief Executive Officer Matthias Mueller, set to unveil the carmaker’s first quarterly loss in more than 15 years. Europe’s largest automaker will probably post a EUR 3.26 billion operating loss for the third quarter, according to 10 analyst estimates compiled by Bloomberg.
The FOMC meeting of the Federal Reserve is taking place today. The Federal Open Market Committee (FOMC) is charged under United States Law with overseeing the nation’s open market operations. No big differences or changes in interest rates are expected according to Bloomberg analysts.
The 6M Euribor remained unchanged at 0.01%. The 10Y Swap decreased by 3 basis points to 0.84%.
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