Stock prices in the US and European stock markets fell mostly on Monday ahead of this week’s decisions by central banks on new interest rate hikes in the fight against inflation.
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The US Federal Reserve is expected to raise interest rates by 25 basis points on Wednesday. It had raised interest rates by 0.5 percentage points in December, and by 0.75 percentage points four times in a row before that.
The Bank of England and the European Central Bank (ECB) are expected to announce their monetary policy decisions on Thursday.
The Dow Jones Industrial Average fell 0.8% to 33,717.09 points on Monday, the Standard & Poor’s 500 index fell 1.3% to 4,017.77 points, and the Nasdaq Composite index fell by 2.0% to 11,393.81 points.
London’s FTSE 100 rose 0.3% to 7,784.87 on Monday, Frankfurt’s DAX 30 fell 0.2% to 15,126.08 and Paris’ CAC 40 fell 0.2% to 7,082. .01 for the point.
In electronic trading on the New York Stock Exchange, the price of WTI crude oil fell 2.2% to $77.90 a barrel on Monday. The price of “Brent” crude oil on the London Stock Exchange decreased by 2.0% to 84.90 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas decreased by 0.49% to 55.16 euros per megawatt hour on Monday.
The euro was down from $1.0874 to $1.0854 per euro on Monday, the British pound was down from $1.2395 to $1.2353 per pound, and the dollar was up against the Japanese yen from 129.80 to 130.43 yen per dollar. The euro rose against the British pound from 87.65 to 87.84 pence per euro.
