Quick links: United States | Major Indices | Indices Future | Real-time Commodities | Webinars | Coronavirus | Economic Calendar
Stock Market
Google executive to take over as a new CEO of Pinterest
Stock Market
Accounting firm gets 100 million fine for faulty regulations
Forex
The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price
Stock Market
Wall Street Lose Balance after recession strikes growth fear among consumers’
Stock Market
Inflation ringing the recession bell - Mohammed Shaheen
Stock Market
14 Jan 2022
U.K. Markets Soar as GDP Firms while European Stocks Plummet
The Index Today
A stronger GDP has propelled U.K. markets growth on Friday while European stocks faced a drop following comments by a hawkish Fed, adding to the ongoing worldwide selloff.
France’s CAC 40 fell by 0.8%, Germany’s DAX plummeted 0.7%, and the FTSE in the U.K. plunged by 0.2% at 0910 GMT.
The U.K. economy’s 0.9% growth in November spurred the FTSE to surpass prominent peers in Europe. However, this development was stalled after the country witnessed a rapid surge in Omicron infections last year during the month of December.
Wall Street’s major indices fell sharply following hawkish comments made by Fed policymakers with regards to an ahead-of-schedule interest rate hikes in the U.S. Fed Governor Lael Brainard has also echoed current sentiments of American central banks calling for increased interest rate hikes to combat pandemic-induced inflation.
