The main European stock markets started the week with losses, in the aftermath of the sell off in the American market of the last sessions, with Wall Street recording its worst daily performance since 2020 last Friday.
Last week, the Nasdaq lost 1.54%, while the S&P 500 and Dow fell 0.21% and 0.24% respectively. It was the sixth consecutive week of losses for the Dow and the fifth consecutive for the other two key indicators. The European markets moved at a similar pace with losses of more than 1% on Friday.
Monetary policy remains a key player in the market climate. International bond yields have risen in recent weeks as investors react to interest rate hikes by the Fed and the Bank of England. The European Central Bank has not yet followed through with its own interest rate hikes, but an increase in the summer seems likely.
Investors are also watching developments on the war front in Ukraine. The annual military parade in Red Square takes place in Moscow as Russia celebrates the “Victory of May 9” victory over Nazi Germany in 1945, with soldiers carrying Russian and Soviet flags in front of Russian President Vladimir Putin. other officials.
THE This year’s parade is taking place as the Russian invasion of Ukraine unfolds, with its army now focusing on fighting in the east of the country after failing to capture the capital Kyiv and other major cities.
In his speech on the celebration of Victory Day on May 9, Vladimir Putin “We are fighting for the security of Russia,” he said.
“It’s our duty to preserve the memory of those who defeated Nazism,” he said, adding that “the West was preparing to invade our country. NATO was threatening our borders. “They had other plans.”
In this climate, the pan-European index Stoxx 600 loses 0.55% to 427 points, with the core resources sector falling 1.6%, while utilities gaining 0.3%.
In the individual dashboard, the German DAX notes losses of 0.3% to 13,635 points, the French CAC 40 loses 0.48% to 6,230 points and the British FTSE MIB falls 0.2% to 7,370 points.
In the periphery, the Italian FTSE MIB slips by 0.3% to 23,400 points, while the Spanish IBEX 35 resists with marginal gains of 8,330 points.
In the individual sharesDeutsche Post plunges 6%, while Italian aerospace and defense company Leonardo adds 4%.
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.
