European stocks fall as traders react to central bank decision, Dow futures fall 300 points

Futures on the Dow Jones Industrial Average YM00,
-0.92%
Blue chips fell 359 points after a slight rise to DJIA,
+ 0.13%
On Wednesday. Futures on the technology-heavy Nasdaq 100 NQ00,
-1.20%
Weakened.

The Federal Reserve on Wednesday closed European markets. He said he plans to keep interest rates at almost zero until at least 2024, It said, adding that securities would be procured to enhance not only market activity but also accommodation market conditions. Chairman Jerome Powell offered a cautious perspective.

“Overall, the changes in the central bank’s communications indicate that the group is comfortable with the current market conditions and the path to recovery.

“Markets need some more time to digest the news because it is true that the central bank’s news is not even bad,” said Naeem Aslam, chief market analyst at Ava Trade. “However, if we are learning anything from the past [quantitative easing programs], Market participants are upset when the central bank starts measuring from its asset purchase plan. On this front, we do not have a clear and defined timeline. ”

The Bank of England also sets interest rates and is not expected to take dramatic action.

European automakers, including Renault RNO
-0.82%
And Volkswagen VOW3,
-1.07%
New car records fell 18.9% in August and 5.7% in July. The European Automobile Manufacturers Association says German records are down 20% and French records are down 19.8%.

UK clothing retailer next NXT,
+ 2.43%
2% higher. Against the backdrop of the positive reports of the Index IDX,
-1.51%
And H&M HM.B,
-0.09%,
Next up is its fiscal year, which ended with a January profit forecast, which now sees a $ 300 million pretax profit, up from the previous forecast of $ 195 million. Next said sales were much better than expected, citing its online business, which already paid more than half of its revenue before the lockout, its home strength, children’s clothing, loungewear and sportswear businesses and out-of-town stores. .

Unibile-Rotamco-Westfield URW,
-7.25%,
The shopping mall operator fell 6% after announcing a 3.5 billion capital increase, as well as plans to limit dividends and dispose of 4 4 billion in assets by the end of 2021.

Bitter GLJ,
+ 13.78%,
The German leasing company rose 6% after falling 40% on Wednesday. Grenke said he strongly denies allegations of account fraud made by Viceroy Research, a short seller, and on Tuesday said he had a debt balance of 1 761 million in German Bundesbank.