European stocks plummet from record highs on hawkish Fed | Malay Mail

FRANKFURT, Jan 7 ― European stocks tumbled from record highs yesterday as hawkish signals from the minutes of the US Federal Reserve's December meeting battered technology shares with the prospect of rising interest rates.

European technology stocks were among the biggest decliners in the region, falling 2.4 per cent as the prospect of higher rates made future earnings appear less attractive. Data showed German annual inflation slowed in December, but remained well above the European Central Bank's target range. A mix of inflation fears, rising interest rates and the spread of the Omicron Covid variant has spooked investors in recent sessions.

Adding to worries, a French government spokesperson said a “supersonic” rise in Covid-19 infections was set to continue in the coming days and there were no signs of the trend reversing.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

UK stocks fall as hawkish Fed triggers global sell-off | Malay MailLONDON, Jan 7 ― UK shares dropped yesterday, tracking a fall in global equity markets after minutes of the US Federal Reserve's December meeting showed the central bank's hawkish stance toward interest rate hikes as it looks to tame high inflation. The FTSE 100 ended 0.9 per cent lower, with...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »

Wall Street's Fed headache lingers as stocks decline, Treasuries gain | Malay MailBOSTON, Jan 7 ― Wall Street's headache over the potential of a relatively fast pullback from stimulus by the US Federal Reserve lingered yesterday as stocks sold off again and government bond yields mostly marched higher. The Dow Jones Industrial Average fell 170.64 points, or 0.47 per cent, to...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »