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Economy

European stock markets open lower

In the United Kingdom, the FTSE 100 index fell by 0.74% to 7,036 points, the CAC 40 index fell by 0.83% to 5,868 points in France, the MIB 30 index in Italy fell 0.8% to 21,614 points and the IBEX 35 index in Spain was in percentage, down 0.94 to 8,069 points.

Closing the day at 1.0569 with an increase of 0.4% yesterday. euro/dollar paritywith a decline of 0.3% from the previous close in these minutes. from level 1.0540 is being exchanged.

Analysts in the stock markets, US Federal Reserve (Fed) Chairman J.Erome Powellyesterday’s statements Subsequently, a mixed evolution was observed.he reported.

THE FED MAY INCREASE 75 BASIS POINTS IN SEPTEMBER

Stating that Powell’s presentation to the U.S. Congress and the messages he will deliver afterward are the focus of investors’ concerns, analysts noted that statements from European Central Bank (ECB) officials will also be followed.

While it is almost certain that the Fed will raise the key rate by 75 basis points at the next meeting, the probability of a 75 basis point increase at the September meeting stands at the 36% level.

Analysts said the European Central Bank’s (ECB) interest rate hike of 150 basis points through the end of the year has started to price in to markets, noting that the rise in Energy costs in the region has been effective in this rise.

In today’s data agenda, analysts said that in addition to the manufacturing and services sector purchasing managers’ indices (PMIs) to be announced globally, allocations unemployment rates and the balance of payments in the United States are in the foreground.

Source Cumhuriyet

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