Attempt to react in the European markets

European indices are trying to stem the tide of recent days, while concerns about the aggressive policy of central banks around the world remain.

In particular, the pan-European Stoxx 600 index is moving at 413.75 points with an increase of 0.3% and the banks are leading the recovery business with + 2%.

Similarly, the high capitalization of the Stoxx 50 is up 0.4% and stands at 3,516 points, while in the individual European dashboards the German DAX is up 0.45% at 13,484 points, the FTSE 100 is moving at 7,228 points with +0.34 %, while the French CAC 40 after the positive opening moves with marginal losses around the unchanged.

The European region is moving at the same pace, where in Italy the FTSE MIB strengthened by 0.5% moving to 21,167 units, as well as the IBEX 35 which increased by 0.55% to 8,234 units.

Markets around the world are coming from a strong sell-off, as investors now fear that central banks will move too aggressively to curb rising inflation, followed by US consumer price index data.

In particular, as it became known on Friday afternoon, inflation in the US ran in May at a rate of 8.6% on an annual basis and 1% on a monthly basis, significantly exceeding estimates, while refuting expectations that it had peaked in April.

In this climate, the market is now expecting more aggressive moves from the Fed, which had already discounted two interest rate hikes of 0.5% each in June and July, possibly enticing other central banks such as the ECB and raising fears of an impending economic downturn.

It is characteristic that the indices in the USA recorded on Friday their biggest losses since January, which they widened yesterday with the S&P 500 entering a typical bear market area.

Elsewhere, turmoil continues in the cryptocurrency market with bitcoin plunging 10% again today and falling in price to $ 20,000.

At the same time, oil remains stable above $ 120 a barrel, while European gas moves in the region of 85 euros per megawatt hour.