Home » today » Business » Interest rate expectations push European stocks to their lowest level in a month

Interest rate expectations push European stocks to their lowest level in a month

European Central Bank Interest rates of half a percentage point, similar to a decision United States Federal ReserveOn Wednesday, it also expected further hikes in the future to check runaway inflation.

warehouse movements

The European index fell "Stokes 600" With 2.85%, it reached 429.91 points, which is the lowest level in about a month.

Before today, raise Bank of England The central bank also raised interest rates by 50 basis points, in line with expectations, and said further hikes may be needed to curb inflation.

The index has dropped "Financial Times 100" shares of large companies United Kingdom by 0.93 percent, while the index of medium-sized enterprises fell by 0.8 percent.

Industrials also fell and interest rate sensitive technology stocks fell 4.7%.

The banking index fell by 2.6%.

In earlier session trading, European equities stabilized at the close on Wednesday after hitting nearly a week’s highs in the prior session as investors treaded cautiously ahead of the Federal Reserve’s interest rate decision US, which increased them by half a percentage point.

And the cursor closed "Stokes 600" make an overview Europe without much change.

As for US indices, they opened trading lower on Thursday after the Fed hinted at keeping monetary policy tighter for longer, to dash any hopes that the rate-hiking cycle will soon end.

Cursor dropped "Dow Jones" The industrial sector rose 193.35 points, or 0.57%, on the open, to 33,773.00 points.

And the cursor started "Standard & Poor’s 500" Transactions fell 36.95 points, or 0.92%, to 3958.37 points, as the index lost "Nasdaq" The Composite 158.26 points, equal to 1.42%, to drop to 11012.62 points at the start of trading.

“>

and raise European Central Bank Interest rates of half a percentage point, similar to a decision United States Federal ReserveOn Wednesday, it also expected further hikes in the future to check runaway inflation.

warehouse movements

European index down.Stokes 600by 2.85%, to reach the level of 429.91 points, which is the lowest level in about a month.

Before today, raise Bank of England The central bank also raised interest rates by 50 basis points, in line with expectations, and said further hikes may be needed to curb inflation.

The “Financial Times 100” index of shares of large companies fell United Kingdom by 0.93 percent, while the index of medium-sized enterprises fell by 0.8 percent.

Industrials also fell and interest rate sensitive technology stocks fell 4.7%.

The banking index fell by 2.6%.

In earlier session trading, European equities stabilized at the close on Wednesday after hitting nearly a week’s highs in the prior session as investors treaded cautiously ahead of the Federal Reserve’s interest rate decision US, which increased them by half a percentage point.

The pan-index Stoxx 600 closed Europe without much change.

As for US indices, they opened trading lower on Thursday after the Fed hinted at keeping monetary policy tighter for longer, to dash any hopes that the rate-hiking cycle will soon end.

The Dow Jones Industrial Average fell 193.35 points, or 0.57%, on the open, to 33,773.00 points.

The “Standard & Poor’s 500” index began to fall 36.95 points, or 0.92%, to 3958.37 points, while the “Nasdaq” composite index lost 158.26 points, or 1.42 %, dropping to 11012.62 points at the start of trading.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.