USA cuts up Europe

News of the day, Thursday, 13 January


European markets decrease after USA monetary policy quakes. Investors got rattled after the recent news on American interest rates being rocketed – that resulted in a general dip of European stock exchange. DAX futures in Germany fell by 0.2%, FTSE 100 futures of UK decreased by 0.1% and French CAC 40 futures is 0.3% down today.

Nevertheless, German BDI industry association expect a noticeable economic growth this year. While German government expects GDP to raise 4.1%, BDI industry predicts a 3.5% increase. This difference is due to their evaluation of COVID-19 impact on production.

The price of Brent crude is 84.65$, WTI — 82.55$, GBP/USD — 1.3740, EUR/USD — 1.1467 and gold costs 1820.80$ per ounce.

Author: GC
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