Stock prices ASV and European stocks mostly fell on Thursday as new data on rising global inflation fueled expectations of more aggressive moves by central banks to raise interest rates.
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The US Department of Labor reported that US wholesale prices rose 1.1% in June, more than double their increase in May. This happened as energy prices rose by 10%.
Market analysts are now speculating whether the US Federal Reserve (FRS) will raise interest rates this month by one percentage point instead of the 75 basis points previously forecast.
European commision (EC) estimated in the latest economic forecasts on Thursday that this year European Union The (EU) economy is expected to grow by 2.7%, but next year there will be an increase of 1.5%. For the Eurozone, the EC forecasts economic growth of 2.6% and 1.4%, respectively.
Inflation in the EU this year and next year is expected to be 8.3% and 4.6%, respectively, while in the eurozone it will be 7.6% and 4.3%, respectively, according to EC forecasts.
The EC stated that of Russia The upheaval of the war in Ukraine is affecting the EU both directly and indirectly, causing economic growth to slow and inflation to rise. Sharp increases in energy and food prices are fueling inflation around the world, undermining household purchasing power and prompting sharper-than-expected changes in monetary policy.
The Dow Jones Industrial Average fell 0.5% to 30,630.17 on Thursday, the Standard & Poor’s 500 fell 0.3% to 3,790.38, and theNasdaq The Composite rose less than 0.1% to 11,251.19 points.
of London The FTSE 100 fell 1.6% to 7,039.81 on Thursday, the Frankfurt Stock Exchange DAX 30 decreased by 1.9% to 12,519.66 points, but Paris stock exchange index CAC 40 decreased by 1.4% to 5915.41 points.
of New York In electronic trading on the stock exchange, the price of WTI crude oil fell by 0.5% to 95.78 US dollars per barrel on Thursday. “Brent” crude oil price on the London exchange decreased by 0.5% to 99.10 dollars per barrel.
Euro against the US dollar on Thursday fell from 1.0059 to 1.0022 dollars per euro, the British pound against the US dollar fell from 1.1889 to 1.1826 dollars per pound, and the value of the US dollar against of Japan yen increased from 138.20 to 138.93 yen per dollar. The euro rose against the British pound from 84.61 to 84.72 pence per euro.
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