European Market Review

European markets are into a changing mode and are still without a clear direction. Losses in luxury stocks, which created in some pressure on the European shares.

Most traders and investors are concerned of making any large investments, which is just ahead of the possible interest rate reduction by the U.S. Federal Reserve.

The DAX added 0.10%, while the CAC-40 gains 0.04%. On the other side, the FTSE-100 dropped around 0.18%.

British Airways pilots have called off strike readiness in their dispute, which had been scheduled for 27 September. The strike followed failed negotiations between the union and the airline over a pay offer of 11.5% over three years.

Deutsche Bank AG has another challenge to overcome with regulators as the European Central Bank is debating whether to open a formal investigation into unapproved purchases of its own subordinated bonds.

The ECB is looking at Deutsche Bank’s buying of the notes over several years up until 2017.