Fall in European markets

Fall in European markets

Posted on

With FALL closed tonight euro markets.

Major European stock markets fell, as the Fed kept interest rates in the 5.25%-5.50% range for the 7th time in a row and signaled that only a 0.25% cut is expected before the end the year, ie two less than predicted. in March.

Wholesale inflation in the United States decreased in May on a monthly basis. Specifically, the producer price index fell by 0.2% in May compared to April, while analysts expected an increase of 0.1%. On an annual basis, the index increased by 2.2% in May, as analysts expected that excluding fast food and energy categories, the structural index increased by 2.3% on an annual basis. basis, with forecasts calling for a 2, 4%. On a monthly basis, the structural producer price index remained at the same level.

The number of Americans filing for unemployment benefits rose last week. Claims for unemployment benefits rose by 13,000 in the week ended June 8 to 242,000, the highest since August. Analysts polled by the Wall Street Journal expected claims to fall to 225,000. The average number of jobless claims over the past four weeks, a less volatile measure, rose to 227,000 in the week ended June 8.

In particular, the Stoxx Europe 600 ended at 515.87 points, down almost 1.34%.

The Euro Stoxx 50 closed at 4,936.55 points, down 1.94%.

At the same time, the British FTSE 100 touched 8,165.25 points, falling 0.61%.

The German DAX moved to 18,263.75 points, with losses of 2.04%.

The French CAC 40, which was at 7,708.02 units, fell by 1.99%.

Italy’s FTSE MIB reached 33,618 points, with losses of 2.16%.

At the end, the Spanish IBEX 35 was at 11,066.5 points, losing 1.59%.

Leave a Reply

Your email address will not be published. Required fields are marked *