Strong decline in European exchange

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European exchange started the day with sales. After the opening, the Stoxx Europe 600 indicator index was 360 points with a 2.1 percent decline, while the DAX 30 index in Germany dropped by 2.6 percent to 12.206 points.

Strong decline in European exchange 1

In the UK, the FTSE 100 index fell 2.4 percent to 6,178 points, the IBEX 35 index in Spain fell 2.9 percent to 7.444 points, the CAC 40 index fell 2.5 percent to 4.929 points in Italy, the MIB 30 index in Italy percent Decreased by 2.7 and became 19,219 points.

After seeing the highest level of the last 3 months yesterday, the euro / dollar parity lost value by 0.2 percent today and trades at 1.1360 and the sterling / dollar parity decreased by 0.6 percent to 1.2670 levels.

Analysts stated that although the Federal Reserve (Fed) did not change interest rates in line with expectations, the decision text and statements did not support expectations regarding rapid recovery in the economy.

Fed President Jerome Powell pointed out that the Fed will continue to use its capabilities strongly, proactively and aggressively, until he is confident that he is making strong progress towards recovery at the post-decision press conference.

Analysts said that the Euro Group Meeting, which will be attended by the finance ministers of the European Union countries that use the euro currency, is at the center of the agenda, and that weekly unemployment applications and the Producer Price Index will be followed in the USA.

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