European stock markets are on the rise on Wednesday after reports that the European Central Bank is meeting in extraordinary session to discuss the upheavals in the markets that followed the last week’s monetary policy decisionswhen it announced plans to raise its interest rates for the first time in more than a decade at its next meeting in July.
European bond yields are falling as the euro gains ground amid reports that the ECB will discuss the current state of government debt markets at an emergency meeting today.
The meeting of the Board of the ECB takes place shortly before the announcement of the Federal Reserve in the afternoon, with many analysts expecting an increase in interest rates by 75 basis points.
The focus of the ECB meeting will be on the launch of borrowing costs in the Eurozone region. Following the announcement of the extraordinary meeting, the performance in the 10-year period of Italy fell 26 bp. at 3.908%, while the yield in 10 years of Germany declines more slightly by 1 bp. at 1.74%.
At the same time, the euro jumped 0.6% to $ 1.0479.
On the board, the pan-European Stoxx 600 index rose 1% to 411.31 points after closing yesterday at the lowest level since February 2021.
The German DAX gained 1.25% to 13,471.82 points, the French CAC 40 strengthened by 1.5% to 6,040.94 points, while the British FTSE 100 gained 0.8% to 7,246.62 points.
In the region, the Italian FTSE MIB jumped 1.9%, while the Spanish IBEX 35 gained 1.6%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.