European Stock Exchanges: Doubtful Climate After New Increase in Oil Prices - iefimerida.gr
6 Articles
6 Articles
The European exchanges operate in slight fall this Monday, in the face of a new exchange of attacks between the United States and Iran that led the global reference in the oil market, the Brent, to exceed the range of $97 per barrel. The escalation fed the inflationary fears and reinforced the expectation that the European Central Bank (ECB) may need to continue raising interest rates beyond this week's meeting. Exclusive material for subscriber…
European stock markets were subdued in early trading today. Rising oil prices following new US-Iranian attacks are fueling inflation concerns and supporting expectations that the European Central Bank may raise interest rates later this week. The pan-European STOXX 600 index fell 0.1% to 649.17 points at 10:11 Greek time. Germany's DAX index was unchanged in the first minutes of the session, in line with other regional stock markets, a day after…
The Stoxx 600 and the Ibex 35 are quoted with slight falls as the rise in crude oil reactivates the fear of inflation and puts the next ECB meeting at the centre of the market.
The monetary markets have almost completely discounted an increase in interest rates of 25 basis points by the ECB.
The main European exchanges opened today at a low level, pending the decision of the European Central Bank's (ECB's) master rates on Thursday, which is expected to increase them by a quarter of a point, to 2.50%.
The European financial markets show signs of nervousness: the Dax opens almost unchanged, the Bund yields rise and the increase in the price of oil increases fears about inflation and the decisions of the ECB. Read more European stock exchanges and government bonds react to the increase in yields and to the dear oil on News.it.
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