European Markets Tumble: Is an Economic Storm Brewing?
European markets had a gloomy Monday as investors fretted over rising interest rates and slowing economic growth.
The pan-European Stoxx 600 index fell 0.7%, with all major sectors in the red. Banks and mining companies were among the worst hit.
Bond yields also rose, putting pressure on tech stocks.
Inflation concerns are also weighing on investor sentiment. Recent data showed that inflation is still running high, although it has peaked.
The European Central Bank (ECB) is expected to raise interest rates at its meeting on Thursday. This could dampen economic growth and further rattle the stock market.
Investors are fearing that a stock market crash could be on the horizon. Is an economic storm brewing?
- European stock market
- Stock market crash
- Economic storm
- Interest rates
- Economic growth
- Inflation
- European Central Bank (ECB)
- European stock market: https://www.stoxx.com/
- European Central Bank (ECB): https://www.ecb.europa.eu/
No comments