European Shares Close at Two-Month Low as ECB Hike Fuels Further Tightening Bets
8 Articles
8 Articles
The Western European stock indices completed the bidding on Thursday with a decline, and investors evaluated the decision of the European Central Bank (ECB) and its signals regarding the further evolution of inflation and the economy in the eurozone.
European shares close at two-month low as ECB hike fuels further tightening bets
European shares fell to two-month lows on Thursday as expectations of further interest rate hikes grew after the European Central Bank increased borrowing costs and warned of higher inflation due to a war-driven energy shock. Read more at The Business Times.
The forint staggered without direction in the morning, and then in the early afternoon the European Central Bank (ECB) raised its interest rate by 25 basis points, which brought movement to the foreign exchange market.
High interest feeds bets on new monetary tightening
Lisbon was the only exception and registered high of 0.11%
After the ECB raised interest rates, European equities ended Thursday's treatments on a decline, giving up their early gains, and warned that rising oil prices due to Middle East tensions would keep inflation high for a longer time. Germany's Dax index led losses by 0.84% to 25,361 points, while the indicators for Stokes 600 decreased by 0.69%, and the British Fotsy 100 percent... the article finally regressed European equities after the interes…
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