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“US and European Stock Markets Fall Amid Debt Ceiling Concerns”

Stock prices in the United States and Europe continued to fall on Wednesday, as investors worried about the inability of Democrats and Republicans to agree on raising the US national debt ceiling.

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“With none of the parties wanting to back down from their positions until the very last moment, the markets are being tested [dalībnieku] nerves, so we see investors’ reluctance to buy risky assets,” said KCM Trade analyst Tim Waterer.

If an agreement is not reached by June 1, a US default is expected.

The Dow Jones Industrial Average fell 0.8% to 32,799.92 on Wednesday, the Standard & Poor’s 500 fell 0.7% to 4,115.24, and the Nasdaq Composite fell 0.6% to 12,484.16 points.

London’s FTSE 100 fell 1.8% to 7,627.10 on Wednesday, Frankfurt’s DAX fell 1.9% to 15,842.13, and Paris’ CAC 40 fell 1.7% to 7,253. 46 for point.

WTI crude oil rose 2% to $74.34 a barrel in electronic trading on the New York Stock Exchange on Wednesday. The price of “Brent” crude oil on the London Stock Exchange rose by 2% to 78.36 dollars per barrel.

On the Dutch exchange “Title Transfer Facility” (TTF) natural gas price fell by 4.6% to 27.79 euros per megawatt hour on Wednesday.

The euro fell to $1.0754/euro on Wednesday from $1.0774 to $1.0754/euro, the British pound was down from $1.2415 to $1.2365/pound to the US dollar, while the US dollar/yen rose from 138.57 to 139.43 yen per dollar. The euro rose against the British pound from 86.74 to 86.94 pence per euro.

2023-05-25 04:31:17
#Stock #prices #continue #fall #European #stock #exchanges

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