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The German Council of Economic Experts, which is advising the government, on Wednesday cut the country’s economic growth forecast for this year, warning that Ukraine’s war and rising energy prices will have a negative impact on Europe’s largest economy.
Experts also forecast that inflation in Germany will reach 6.1% this year, but will fall to 3.4% next year.
Oil prices increased by about 3% due to concerns over Ukraine’s crude oil supply.
“Russia appears to be continuing its military operations [Ukrainā]”The talks were seen as positive, but many market participants have a long way to go before a breakthrough is reached.”
The Dow Jones Industrial Average fell 0.2% to 35,228.81 points on Wednesday, the Standard & Poor’s 500 fell 0.6% to 4,602.45 points and the indexNasdaq Composite “decreased by 1.2% to 14,442.27 points.
The London Stock Exchange index FTSE 100 rose 0.6% to 7578.75 points on Wednesday, the Frankfurt Stock Exchange index DAX 30 fell 1.5% to 14,606.05 points, while the Paris Stock Exchange index CAC 40 fell 0.7% to 6,741.59 points.
New York In the electronic trading of the stock exchange, the price of WTI crude oil rose by 3.4% on Wednesday to USD 107.82 per barrel. The price of Brent crude oil rose 2.9% to $ 113.45 a barrel on the London Stock Exchange.
The euro rose from $ 1.1086 to $ 1.1162 per euro on Wednesday, the pound rose from $ 1.3093 to $ 1.3136 per pound and the dollar fell from 122.88 against the Japanese yen. to 121.79 yen per dollar. The euro appreciated against the pound sterling from 84.67 to 84.93 pensions per euro.
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