Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

The European market is declining amid gloomy prospects


September, 23 2022
watermark Economic news

On Friday, the European stock market is showing a decline amid news of an increase in the discount rate by the central banks of the region. In particular, the Bank of England raised its benchmark interest rate by 50 basis points, which was the seventh increase in a row. The Swiss National Bank put an end to the negative rate period, and the Norwegian Bank also raised the rate by 50 basis points and indicated its further increase.


The European Central Bank itself raised the rate last week. And yesterday, the US Federal Reserve followed suit, also raising the rate by 75 basis points. 


Such a massive tightening of the monetary policy of the world's central banks has increased the fears of market participants about the onset of a global economic recession. Against this background, the DAX index in Germany fell to 12.339.47, the French CAC 40 fell to 5.815.80, and the British FTSE 100 fell to 7.031.25.


Experts note that the macroeconomic outlook in Europe remains rather gloomy, as supply disruptions and the impact of the conflict in Ukraine on the cost of energy and food continue to restrain economic growth.


Feedback

ForexMart brand is authorized and regulated in various jurisdictions.

This website is operated by (Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines.

Restricted Regions: does not provide services for residents of certain countries, such as the United States, North Korea, Sudan, Syria and some other regions.


© 2015-2022 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.