Stock market: Europe slows down again, fears of closing central banks – Economy


European stock markets continue to slow as fears of central bank monetary tightening intensify. After the US inflation data, there are fears that the hawkish line will prevail within the Fed on rate hikes. Expectations of slower economic growth are also weighing heavily on rising energy and commodity prices. On the currency side, the euro against the dollar fell to 1.1396 in London. The Stoxx 600 zone index fell 1.1%. Declining Paris (-1.1%), Madrid (-1.2%), Frankfurt (-0.9%) and London (-0.8%). Lists are weighed down by utilities (-1.4%), with the price of gas falling as governments prepare measures to curb rising energy prices. In Amsterdam, prices fell by 2.1% to 72.78 euros per MWh. In London, the price fell 1.2% to 175.96 pence per Mmbtu. Cars (-0.5%) and banks (-0.9%) are also in the red. Sitting in the red for energy with rising oil prices. WTI climbed to 90.71 dollars per barrel (+0.2%) and Brent to 91.45 dollars (+0.1%). Among the falling commodities were gold which fell 0.3% and aluminum (-0.5%), the latter after recording the highest levels.

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