TechBizWebTechBizWeb

    Subscribe to Updates

    Get the latest news about Technology and Business from all around the web..

    What's Hot

    Crypto hedge fund Three Arrows falls into liquidation

    June 29, 2022

    Electric vehicle companies have a serious quality problem

    June 29, 2022

    Ben & Jerry’s sales to continue in Israel after Unilever sells licence

    June 29, 2022
    Facebook Twitter Instagram
    • About Us
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    TechBizWebTechBizWeb
    Subscribe
    • Home
    • Technology

      Electric vehicle companies have a serious quality problem

      June 29, 2022

      Apple promises “white glove experiences” for its most helpful community members

      June 29, 2022

      Amazon’s Paper Girls series messes with the timeline in first trailer

      June 29, 2022

      The NuraTrue Pro are the first wireless earbuds to support aptX Lossless streaming

      June 29, 2022

      The internet is a constant recommendations machine — but it needs you to make it work

      June 29, 2022
    • Business
    • Cyber Security

      IC3 issues warning on deepfake use in remote work applications

      June 29, 2022

      Kurt John named Chief Security Officer at Expedia

      June 29, 2022

      Why insider threats pose unique risks to national security

      June 29, 2022

      Does AI materially impact cybersecurity strategies?

      June 29, 2022

      Hybrid work transition reveals low enterprise cybersecurity confidence

      June 28, 2022
    • Blockchain
    • Vulnerabilities
    • Social Engineering
    • Malware
    • Cyber Security Alerts
    TechBizWebTechBizWeb
    Home»Business»European shares subdued as traders weigh prospect of rate rises
    Business

    European shares subdued as traders weigh prospect of rate rises

    June 8, 2022Updated:June 8, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    European equities were muted and government bond prices softened as investors anticipated looming eurozone rate rises with downbeat economic growth forecasts.

    The regional Stoxx 600 share index edged 0.2 per cent lower in morning trade on Wednesday, following a bumpy session on Wall Street that left the blue-chip S&P 500 index up almost 1 per cent despite a profit warning from retailer Target.

    The yield on Germany’s 10-year Bund, which functions as a benchmark for debt costs in the eurozone, added 0.03 percentage points to 1.32 per cent, trading around its highest since 2014.

    Italy’s equivalent bond yield added 0.06 percentage points to 3.45 per cent, having almost tripled since the start of the year as the prospects rose of weaker eurozone nations having to grapple with an economic downturn and higher funding costs. Bond yields rise as their prices fall.

    The European Central Bank — which has kept its main deposit rate negative since 2014 — is expected to signal plans to return the rate to zero by September to battle soaring inflation while also moving to protect weaker nations in the bloc from financial stress.

    “The ECB appears set to hike rates given sticky upward inflation pressures,” strategists at Barclays said in a note to clients, adding that “a path to a soft landing is narrow”.

    “The situation the ECB is facing remains very delicate,” said Gergely Majoros, investment committee member at asset manager Carmignac. “The inflation dynamics in the eurozone have to be addressed,” he said, while the economic outlook “has started to weaken significantly”.

    With trading in leading currency pairs mostly muted because of a concerted move by large central banks to lift borrowing costs, the yen continued its slide against the dollar to ¥133.78 on Wednesday, down almost 4 per cent so far in June, over expectations that the Bank of Japan will hold interest rates at ultra-low levels.

    On Tuesday, the World Bank described global economic conditions as similar to the 1970s, where steep rises in borrowing costs were used to control inflation. Economic output in Europe and central Asia would shrink by about 3 per cent in 2022, the World Bank said, “as the war in Ukraine and its repercussions reverberate through commodity and financial markets”.

    In a blog post on May 23, ECB president Christine Lagarde pledged to “take the growth outlook into account when calibrating policy normalisation”, soothing fears of rapid rate rises that would further choke off growth.

    Economists at Citigroup warned in a research note, however, that if the ECB’s policy statement on Thursday did not “align” with Lagarde’s blog post, investors should expect “a faster pace of rate hikes”, and a “more erratic” rates policy that could increase the risks of “financial fragmentation” between nations in the euro area.

    Asian stocks rallied on Wednesday, mirroring gains on Wall Street in the previous session, with Hong Kong’s Hang Seng index adding 2.2 per cent and Tokyo’s Nikkei 225 up 1 per cent.

    Futures trading implied the S&P 500 would edge 0.4 per cent lower in early dealings, however, as uncertainty over the economic outlook and thin liquidity kept Wall Street markets from forming a decisive narrative. The S&P, which often sets the tone for stock markets worldwide, has fallen for eight of the past nine weeks.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto hedge fund Three Arrows falls into liquidation

    June 29, 2022 Business

    Ben & Jerry’s sales to continue in Israel after Unilever sells licence

    June 29, 2022 Business

    UK imposes sanctions on Russian oligarch Vladimir Potanin

    June 29, 2022 Business

    EU states agree deal to push for tougher climate measures

    June 29, 2022 Business

    French star Kylian Mbappé backs NFT fantasy football start-up Sorare

    June 29, 2022 Business

    UK to extend tariffs on steel imports for two years

    June 29, 2022 Business
    Editors Picks

    Electric vehicle companies have a serious quality problem

    June 29, 2022

    Ben & Jerry’s sales to continue in Israel after Unilever sells licence

    June 29, 2022

    IC3 issues warning on deepfake use in remote work applications

    June 29, 2022

    Apple promises “white glove experiences” for its most helpful community members

    June 29, 2022
    Trending Now

    French star Kylian Mbappé backs NFT fantasy football start-up Sorare

    By techbizweb

    Why insider threats pose unique risks to national security

    By techbizweb

    The internet is a constant recommendations machine — but it needs you to make it work

    By techbizweb

    https://www.nationalsportsacademy.com

    slot gacor hari ini

    http://www.inadesfo.org/

    http://www.eueomgbissau.org/

    http://www.congo-mai-mai.net/

    http://www.angelesdelafrontera.org/

    http://fifaworldcup2018schedule.com/

    http://tony4gtrmcr.co.uk/

    http://www.standrewsagreement.org/

    http://www.bob-russell.co.uk/

    http://davidmulholland.co.uk/

    http://railwayhotelenniskillen.com/

    http://www.fantasysportstrades.com/

    http://www.rainleaf-flooring.com

    http://mothersagainstguns.org/

    http://ma-coc.org/

    slot online

    http://www.paradoxmag.com/situs-judi-slot-online-gampang-menang-2021/

    http://www.paradoxmag.com/situs-judi-slot-online-terbaru-2021/

    http://slot-terbaru.net/

    Slot Gacor

    Slot Online

    Situs Slot Gacor

    http://www.appdexterity.com/

    https://cars4kids-deutschland.de/

    https://www.stretchingculture.com/

    https://www.b-123-hp.com/slot-gacor/

    https://denzstaffing.nl/

    https://ezbbqcooking.com/slot-gacor/

    https://www.mbahelp24.com/slot-gacor

    https://minhtanstore.com/slot-jackpot-terbesar/

    https://njbpusupplierdiversity.com/slot-gacor-gampang-menang/

    https://www.floridaspecialtycropfoundation.org/slot-gampang-menang/

    https://childrenscornerpreschool.org/slot-gacor-gampang-menang/

    https://cryptoquoter.com/slot-online-terbaik/

    https://alorkantho24.com/slot-gacor/

    https://ellas.xyz/slot-gacor/

    https://it.dougamatome.xyz/slot-online/

    https://www.daltercume.com/slot-gacor/

    https://josi-ana.dougamatome.xyz/slot88/

    https://josi-ana.dougamatome.xyz/slot-gacor/

    https://fastobserver.com/slot-jackpot-terbesar/

    https://www.planetexperts.com/slot-gacor/

    https://bfsolution.group/slot-bet-kecil/

    https://rustleva.co/slot/

    https://bfsolution.group/slot-bet-kecil/

    https://www.hotelcalimareal.com/togel-online/

    https://anime-game.dougamatome.xyz/slot-gacor-gampang-menang/

    https://anime-game.dougamatome.xyz/togel-online/

    https://bourbonbarrelfoods.com/slot/

    http://suneo39.wp.xdomain.jp/slot/

    https://techbizweb.com/slot-gacor/

    https://www.generalcatalyst.com/18-daftar-slot-gacor-terbaik-gampang-menang-jackpot-hari-ini/

    https://www.hotelcalimareal.com/slot-online/

    https://www.blockgates.io/slot-gacor/

    https://l12.com.br/slot-gacor/

    slot paling gacor

    https://www.donalds-hobby.com/slot-online/

    https://thecryptodirt.com/slot-gacor-hari-ini/

    http://iseta.edu.ar/aulavirtual/app/upload/users/1/1205/my_files/sbobet.html

    http://escuelavirtual.mincit.gov.co/app/upload/users/1/194/my_files/slot.html

    https://www.dev.medecinesfax.org/courses/JUDICASINO/document/slot.html

    http://www.e-archivos.org/cursos/courses/JUDICASINO/document/slot-gacor.html

    http://iesma.com.br/ead/main/upload/users/4/447/my_files/slot.html

    https://www.fundacoop.org/chamilo/app/upload/users/1/1185/my_files/slot.html

    https://fata-aatf.org/eskola/main/upload/users/3/31/my_files/slot.html

    https://uancv.edu.pe/ofinvestigacion/app/upload/users/3/328/my_files/slot-terlengkap.html

    https://micost.edu.my/EL/app/upload/users/2/209/my_files/slot-gacor.html

    https://www.academiacoderdojo.ro/elearningdev/app/upload/users/2/2442/my_files/slot-online.html

    http://campus-cidci.ulg.ac.be/courses/JUDICASINO/document/slot-termurah.html

    https://www.escueladerobotica.misiones.gob.ar/aula-ste/courses/LIVECASINO/document/slot-tergacor.html

    http://ccdipeepccqqfar.usac.edu.gt/chamilo/app/upload/users/3/358/my_files/slot-online.html

    https://cunori.edu.gt/campus/app/upload/users/7/7334/my_files/slot-online.html

    http://u-rus.com.ar/aula/app/upload/users/1/1322/my_files/slot.html

    http://icrodarisoveria.edu.it/chamilo/app/upload/users/1/1855/my_files/slot.html

    https://iestpliliagutierrez.edu.pe/clarolgm/courses/CASINO/document/slot.html

    http://pva.cobach.edu.mx/app/upload/users/7/7379/my_files/slot.html

    http://www.imb-pc-online.edu.gt/PL/app/upload/users/3/373/my_files/slot.html

    http://avcs.upeu.edu.pe/main/upload/users/3333/my_files/slot.html

    https://chamilo.fca.uas.edu.mx/app/upload/users/1/11186/my_files/slot-online/

    TechBizWeb
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Guest Post
    • About Us
    • Privacy Policy
    • Our Authors
    • Terms and Conditions
    • Contact
    © 2022 Tech Biz Web. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.