NEW YORK (dpa-AFX) – The US stock exchanges have slightly increased their losses from the previous day. The leading index Dow Jones Industrial fell 0.49 percent to 32,750.80 points on Thursday. For the market-wide S&P 500 it went down 0.46 percent to 4096.97 points. The tech-heavy Nasdaq 100
fell 0.29 percent to 12,578.87 points.
The most recent decisions and statements by the European Central Bank (ECB) proved to be a slight burden. The high inflation is causing the central bankers in the euro zone to take countermeasures: the end of net bond purchases has been decided on July 1, and next month there will be a first interest rate hike in eleven years. Another rate hike could follow in September.
However, the fact that the monetary watchdogs also raised their inflation forecasts sharply caught investors “on the wrong foot,” commented Thomas Altmann from asset manager QC Partners. “Very few expected such a significant upward adjustment.” This was already putting pressure on prices on Europe’s stock exchanges and, according to Altmann, caused a “sell-off” on the bond markets, where yields rose in return./la/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0256 2022-06-09/16:22
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