European stocks rally, Wall Street slumps on interest rate concerns

European Central Bank policymakers delivered another interest rate increase as anticipated, with eurozone consumer prices still rising fast.

The US Federal Reserve, as expected, also raised borrowing costs again on Wednesday as it seeks to bring inflation down further, but there remain lingering worries of more aggressive actions ahead. Data out Thursday showed that the US economy confounded expectations with growth accelerating in the second quarter.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

AI mania drives Wall Street to higher close ahead of earningsThe tech-heavy Nasdaq closed higher on Tuesday, leading gains on Wall Street amid investor excitement about artificial intelligence before earnings reports from megacap technology companies Alphabet and Microsoft after the bell. | Reuters
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