European stocks close slightly higher as markets await Fed outcome; Colruyt falls 11%
17 Jun 2021 | SET News
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European stocks close slightly higher as markets await Fed outcome; Colruyt falls 11%
European stocks closed slightly higher on Wednesday as markets await the outcome of the U.S. Federal Reserve’s policy meeting.
The pan-European Stoxx 600 provisionally ended up 0.3%, with most sectors and major bourses in positive territory. Travel and leisure stocks led the gains, adding 1.3%, while the banking index fell 0.8%.
Global market attention will be on the outcome of the Federal Reserve’s two-day meeting due on Wednesday.
In terms of individual stock movement, shares of Dutch retailer Colruyt Group fell more than 11.2% after the company missed fiscal full-year earnings expectations and issuing a profit warning.
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