untitled design

Profits over 1% in the European markets

European stocks traded higher on Thursday, following gains in the US and Asia, as investors welcomed the decision of the US Federal Reserve to take action to counteract the inflation rally.

The US Federal Reserve announced yesterday that it will move faster to reduce its quantitative easing program in order to start raising interest rates earlier in 2022.

In particular, the Fed announced that it will shrink monthly bond purchases at twice the rate it had previously announced, by $ 30 billion a month, with the program ending in March 2022. In its forecasts released Fed central bank officials see even three rate hikes
times in 2022, with two more to follow next year.

The Fed’s decisions follow the jump in inflation to 6.8% in November, the highest level since 1982.

Investors are now turning to the European Central Bank, which is meeting today to decide how to adjust the course of its emergency bond-buying program (PEPP) amid a boom in recent months.

On the board, the pan-European STOXX 600 index rose 1.4% to 477.42 points.

The German DAX gained 1.6% to 15,719.85 points, the French CAC 40 rose 1.5% to 7,033.86 points, while the British FTSE 100 strengthened 1.1% to 7,252.58 points.

In the periphery, the Italian FTSE MIB gained 1.1%, while the Spanish IBEX 35 strengthened by 1.2%.

.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular