Today's Stock Exchanges, June 22nd. Powell effect on the markets, falling price lists

Today's Stock Exchanges, June 22nd.  Powell effect on the markets, falling price lists

A downward start for European stock exchanges, still weighed down by the words of Fed chairman Jerome Powell, who yesterday hinted that the pause on rate hikes will only be temporary. The Asian indices were negative, with Tokyo at -0.92%.

In Europe the spotlight is on the Bank of England. The Bank of England is set to raise borrowing costs again today to combat stubbornly high inflation, which has failed to come down from its peak as quickly as expected. Although analysts agree that the central bank will raise the main interest rate by 25 basis points, reaching a new 15-year high at 4.75%, there are fears, especially among borrowers, that it could opt for a more substantial increase of 50 basis points.



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