Stocks fell on Wall Street on Thursday but rose in European stocks, while the British pound gained as the governor of the Bank of England raised concerns about inflation.
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Wall Street indices started the trading session with a rise as the yield on the US Treasury’s 10-year bond fell, but it later rose and the index’s rise was replaced by a fall.
The London Stock Exchange index rose, for the first time in a while exceeding the 8,000-point mark. The indices of the Paris and Frankfurt stock exchanges also increased.
Shares in Credit Suisse, Switzerland’s second-largest bank, fell nearly 15% after it reported a net loss of 7.3 billion Swiss francs (7.4 billion euros) in 2022, its biggest annual loss since the 2008 global financial crisis. crises.
The British pound rose more than 1% against the US dollar after Bank of England governor Andrew Bailey expressed concern about persistently high inflation. Although inflation in the UK eased to 10.5% in December, it is still among the highest in 40 years.
The Dow Jones Industrial Average fell 0.7% to 33,699.88 points on Thursday, the Standard & Poor’s 500 index fell 0.9% to 4,081.50 points, and the Nasdaq Composite index fell by 1.0% to 11,789.58 points.
London’s FTSE 100 rose 0.3% to 7,911.15 on Thursday, Frankfurt’s DAX 30 gained 0.7% to 15,523.42 and Paris’ CAC 40 rose 1.0% to 7,188. .36 points.
WTI crude oil fell 0.5% to $78.06 a barrel in electronic trading on the New York Stock Exchange on Thursday. “Brent” crude oil price on the London exchange decreased by 0.7% to 84.50 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas fell by 1.78% to 52.73 euros per megawatt hour on Thursday.
The euro rose to $1.0739 per euro on Thursday from $1.0712 to $1.0739, the British pound rose from $1.2072 to $1.2117 per pound on Thursday, and the dollar rose against the Japanese yen from 131.40 to 131.56 yen per dollar. The euro fell against the British pound from 88.74 pence to 88.60 pence per euro.
