European shares fall due to expectations of strengthening rates in the world

European shares fall due to expectations of strengthening rates in the world

He pan-European STOXX 600 index fell 1.3%and the travel and leisure paper segment lost 3.2%.

The values ​​of mining sector fell 2.6%as metal prices weaken in the face of the global appreciation of the dollar.

The Euro zone bond yields rise to multi-month highs after the US Federal Reserve and the Bank of England kept rates unchanged but indicated further hikes could come as policymakers remain concerned about inflation.

he iBritish FTSE 100 index lost 0.7%his first fall in three sessions.

Central banks in the world

In the rest of Europe, the Swiss National Bank (SNB) kept its official interest rate at 1.75%, while the central banks of Sweden and Norway raised their reference rate by a quarter of a percentage point.

We have seen many central banks go into pause, However, there are still modest upside risks related to the behavior of inflation in the coming months,” said Patrice Gautry, chief economist at Union Bancaire Privée in Geneva, Switzerland.

“What was less positive was that these pauses were accompanied by the mantra that rates will remain high for longer, that is, that central banks are not willing to cut them very quickly,” he explained.

Swiss stocks fell 0.6%, while Swedish and Norwegian stock markets lost 1.1% and 0.9%, respectively.

Interest rate-sensitive technology stocks fell 1.3%, while real estate stocks fell 1.2%.

The European STOXX volatility index rose to its highest level in more than a week on Thursday.

Source: Ambito

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