The start of today's session on the Old Continent brings a marked deterioration in investor sentiment. The main European benchmarks are losing in the face of the overtones of yesterday's FOMC Minutes, which confirmed that the decision to pause in raising interest rates in the US was temporary and that the further process of further tightening is likely to resume. The German DE30 is currently losing nearly 1%, the French FRA40 is off 1.5%, and the European EU50 is subtracting 1.25%.
The German DE30 is breaking out below the lower limit of its uptrend and descending into the region of the late June low. Source: xStation 5
Start investing today or test a free demoOpen account Try demo Download mobile app Download mobile app
Cash quotations of major indices in Europe. Source: Bloomberg
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.