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Stock markets in Europe ended the day with a decline

European stock markets ended the day with a decline due to the global monetary tightening steps of the central banks of developed and leading economies.

At the closing, the benchmark index Stoxx Europe 600 lost 1.20 percent to 424.74 points.

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In Germany, the DAX 30 index fell by 0.67 percent to 13,893.07 points, in France the CAC 40 index decreased by 1.08 percent to 6,452.63 points, and in Italy, the FTSE MIB 30 index decreased by 0.16 percent to 23,688.16 points. .

In the UK, the FTSE 100 index decreased by 0.93 percent to 7,426.17 points.

Euro/dollar parity is at 1.061 level with a decrease of 0.169 percent as of 20.23 TSI.

Interest rate hike steps in advanced economies

 

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In the statement made by the European Central Bank (ECB), it was noted that the bank increased the three main policy rates by 50 basis points, the refinancing rate was increased to 2.50 percent, the deposit rate to 2 percent and the marginal funding rate to 2.75 percent.

After the decision, ECB President Christine Lagarde said at the press conference held in Frankfurt, “Today we decided to raise interest rates. “We expect to raise interest rates significantly further, as inflation is still very high and is expected to remain high (in the future),” he said.

The Bank of England also announced yesterday that it had increased the policy rate by 50 basis points to 3.50 percent.g

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