Stock prices fell on European and US stock exchanges on Thursday.
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Analysts point out that the investors’ mood has been spoiled by the fact that the decisions of the European Central Bank, the US Federal Reserve System and other central banks on raising interest rates in order to fight against inflation are still expected.
“This apparent willingness of central banks to crush demand and risk pushing the economy into recession in order to bring inflation under control is prompting investors to reduce their exposure to equity markets,” explains Michael Hewson, chief market analyst at CMC Markets UK.
The Dow Jones Industrial Average fell 1.1% to 33,922.26 on Thursday, the Standard & Poor’s 500 fell 0.8% to 4,411.59, and the Nasdaq Composite fell 0.8% to 13,679.04 points.
London’s FTSE 100 fell 2.2% to 7,280.50 on Thursday, Frankfurt’s DAX fell 2.6% to 15,528.54 and Paris’ CAC 40 fell 3.1% to 7,082. 29 point.
WTI crude oil rose less than 0.1% to $71.80 a barrel in electronic trading on the New York Stock Exchange on Thursday. “Brent” crude oil price on the London exchange decreased by 0.2% to 76.52 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas decreased by 5.9% to 32.35 euros per megawatt hour on Thursday.
The euro rose against the US dollar on Thursday from $1.0854 to $1.0891 per euro, the British pound against the US dollar rose from $1.2704 to $1.2738 per pound and the US dollar against the Japanese yen eased from 144.66 to 144.10 yen per dollar. The euro rose against the British pound from 85.44 to 85.48 pence per euro.
2023-07-07 06:04:57
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