The world stock exchanges They operate stable this Wednesday, June 7. The dollar falls, while attention is focused in the data of inflation and at the meeting of the Federal Reserve in the US next week, amid a decline in the odds of an upward adjustment of the interest rates.
For his part, turkish lira plunged to an all-time low against the greenback as authorities opted to relaxr stabilizing measures after the government of Recep Tayyip Erdogan take a political turn more orthodox.
The pan-European index STOXX 600 trades flat, with small gains in UK stocks offset by slight losses of the Germans and the French.
The Spanish stock marketa is the only one of the European ones together with London that maintains the gains with respect to the opening, and rises 0.37%, supported by the rise registered Inditex after presenting his results today of its first fiscal quarter in which it earned 54% more than in 2022.
As for the remaining European markets, except for Madrid and London, all registered some falls, which are of 0.79% for Milan, 0.35% for Paris, and 0.34% for Frankfurt.
The actions of USA point to an opening no big changes this wednesdays, consolidating recent gains amid uncertainty over the global economic outlook ahead of the meeting from the Federal Reserve next week.
The main indices of Wall Street closed slightly higher on Tuesday: the S&P 500 index it rose 0.2% to its highest level since August 2022. The Nasdaq Composite of technological ones, an increase of 0.4%registering its highest closing of the year, while quand the Dow Jones de Industriales rose only 10 points.
These increases occur after the sudden uptick last week in the aftermath of the agreement to raise the roof debt of the United States and the robust figures of the employment report on Friday.
The reasons for the fall of the dollar
The dollar fell on Wednesday as chances faded that the Federal Reserve raise interest rates next weekwhile the loonie hit one-month highs, as traders raised bets that the country will raise rates.
The dollar index, which measures the performance of the greenback against a basket of six currencies, gained almost 3% in the last month, partly thanks to the expectation that the Fedwhich meets next week, keep rates higher for longer.
Meanwhile, the performance of treasury bonds The two-year US note, which usually moves in step with rate expectations, fell slightly to 4.516%, while the 10-year note fell to 3.687%.
Source: Ambito
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