Falls of 2% in the Stock Exchanges in the key week of the ECB | markets & More Latest News Here


The european bags start the week with heavy losses, above 2% in the case of the Cac, the Mib and the Dax, with an eye on the key appointment of the European Central Bank (ECB) Thursday. Investors are fleeing risk amid slowing activity in many developed countries, high inflation and rising expectations of interest rate hikes. In this context, the euro has come down to 99 cents on the dollar.

The IBEX 35, which ended last Friday recovering 7,900 points after cutting a losing streak of twelve consecutive sessions of losses, opens with a somewhat more limited decline of 1.8% and stands below 7,800 points. Except for Repsol, the rest of the stocks are listed in red. Santander and BBVA subtract almost 3%. The rest of the banks fell more than 2%.

From Link Securities they point out that central banks “are expected to continue to act forcefully in their attempt to moderate high inflation, especially the ECB, which could even implement a 75 basis point hike in its reference interest rates, which which would be a large-scale movement that we believe is not fully priced in by the markets”.

In addition to decisions on monetary policy, the energy crisis has been aggravated in the European Union (EU) by the cutoff of Russian gas through the Nord Stream gas pipeline, which increases fears of fuel shortages in winter. The Kremlin on Sunday blamed European politicians for keeping the main gas pipeline closed, saying economic sanctions imposed on Russia have made it difficult for Gazprom to maintain the pipeline.

The Oil Ministers of the OPEC + Alliance, led by Saudi Arabia and Russia, analyze today in a telematic conference the state of the crude oil market, amid information about a possible cut in production. The price of Brent oil, a reference in Europe, rises more than 2% to exceed 95 dollars a barrel.

In the United Kingdom, the British Conservative Party plans to announce this Monday the new leader of the formation, between Liz Truss and Rishi Sunak, who will replace Boris Johnson as British Prime Minister.

In Asia, the Nikkei fell 0.11% due to persistent concerns about the evolution of interest rates in the United States and its impact on the economy at a time of uncertain drift. Wall Street ended Friday in the red. Today is a holiday on Wall Street for Labor Day. In the macro agenda, data on activity in the services sector (PMI) of the eurozone will be released.

Falls of 2% in the Stock Exchanges in the key week of the ECB | markets
& Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be

Falls of 2% in the Stock Exchanges in the key week of the ECB | markets
& More Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

Falls of 2% in the Stock Exchanges in the key week of the ECB | markets
& More News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

News – Times . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links🡽

Back to top button