Friday , February 26 2021

European indices have excluded the global economy



Trading on leading Western stock exchanges started to decline on the New York and Asian stock exchanges on Wednesday.

The London Stock Exchange's main index, the FTSE-100 index was 0.42 percent, the DAX index in Frankfurt was 0.53 percent, and the Paris CAC-40 was a loss of 0.76 percent. 0.50 percent in Madrid and 1.07 percent in Milan. EuroStoxx50 declined by 0.71 percent in the euro area's initial corporate index.

Investors are worried about the decline in global demand during oil supplies.

Instability in the energy sector was further aggravated by the turmoil caused by the slowdown in global economic growth, which sparked a stamp on global stock markets.

Photo: Shutterstock

On wednesday, at noon At 9:00 in the morning, the euro was included in the international interbank foreign exchange market at $ 1.1294, and the common European currency strengthened 0.04 per day.

From the point of view of global trade, both major crude mixtures, the North Sea Brent and the West Texas Intermediate (WTI), which is in the western hemisphere, continued to decline.

The January futures in the Brent barrel were minus 0.17 percent, $ 65.36 and in December, WTI lost 0.48 percent, at $ 55.42.

On Tuesday, Brent dropped by 6.63 percent, and WTI closed its upcoming futures deals by 7.07 percent. The daily low price was $ 54.75, WTI's price dropped to November last year, and Brent fell to $ 64.61 a dozen to eight.

On Tuesday, major European stock market indices continued to increase.

The FTSE-100 index in London rose by 0.01 percent to 7053.76, the DAX index in Frankfurt at 1.30 percent, 11.472.22 points, and the Paris CAC-40 index 0.85 percent to 5101.85 points. In Madrid, 0.76 percent, and in Milan, a 0.90 percent gain closed the stock market.

Between European indicators, Stoxx Europe 600 rose 0.67 percent, while the FTSE Eurofirst 300 index rose 0.71 percent, while EuroStoxx50 rose 0.96 percent in the euro area.


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