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ECB rate decision and weak US banks weigh on European shares
The ECB raised rates by 25 basis points and signaled that the "journey" is continuing. Some members wanted a 50 basis point hike. Sources said some members see 2– 3 more hikes ahead.US regional bank index is also keeping investors on alert and adding to a bearish tone toward stocks and growth.The final numbers for the day are showing:German DAX -80.80 points or -0.51%Frances CAC -63.06 points or -0.85%UK's FTSE 100 -85.73 points or -1.10%Spain's Ibex -33.10 points or -0.36%Italy's FTSE MIB -165...
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Posted: May 4 2023, 16:45
Author Name: forexlive
Views: 081864