European Stocks Mixed; German Autos Help DAX Outperform

European Stocks Mixed; German Autos Help DAX Outperform

© Reuters.







By Peter Nurse

Investing.com - European stock markets traded in a mixed fashion Thursday, with strong autos gains helping Germany's index outperform following a reassuring statement from the Federal Reserve.

At 3:55 AM ET (0855 GMT), the DAX in Germany traded 0.7% higher, climbing to a new all-time high, the in France grew 0.1%, while the U.K.'s index was 0.2% lower.

The Federal Reserve concluded its two-day on Wednesday, and reassured investors that it was committed to maintaining an accommodative monetary policy for some time. 

Chairman indicated that while inflation is expected to reach 2.4% this year, above the central bank's 2% target, this would be a temporary surge and he did not currently see the Fed raising its benchmark overnight interest rate through 2023. The central bank also projected the U.S. economy will grow by a massive 6.5% this year.

The news that the world's largest economy, and global growth driver, was set to expand strongly without