European markets fell on rate hike fears; euro-dollar parity

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European markets retreated on Monday on fears of more aggressive interest rate hikes by the Federal Reserve

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and the European Central Bank. The pan-European Stokes 600 fell 1.2% by mid-morning,

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with auto trade down 2.8% across sectors and major markets in negative territory.

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Bundesbank President Joachim Nagel told a German newspaper that risk-on

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sentiment eased amid further signals from ECB policymakers that the ECB should continue

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raising interest rates even as recession risks rise in Germany. Asia-Pacific shares were mixed on Monday,

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although Chinese markets rose after China's central bank cut key lending rates. The S&P 500 snapped a four-week

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winning streak on Friday as Wall Street awaited Fed Chairman Jerome Powell's comments on inflation at the central

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bank's annual economic symposium in Jackson Hole on Friday, while U.S. stock futures fell in early premarket trading.

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European markets fell on rate hike fears; euro-dollar parity

Credit : Social Media

European markets retreated on Monday on fears of more aggressive interest rate hikes by the Federal Reserve

Credit : Social Media

and the European Central Bank. The pan-European Stokes 600 fell 1.2% by mid-morning,

Credit : Social Media

with auto trade down 2.8% across sectors and major markets in negative territory.

Credit : Social Media

Bundesbank President Joachim Nagel told a German newspaper that risk-on

Credit : Social Media

sentiment eased amid further signals from ECB policymakers that the ECB should continue

Credit : Social Media

raising interest rates even as recession risks rise in Germany. Asia-Pacific shares were mixed on Monday,

Credit : Social Media

although Chinese markets rose after China's central bank cut key lending rates. The S&P 500 snapped a four-week

Credit : Social Media

winning streak on Friday as Wall Street awaited Fed Chairman Jerome Powell's comments on inflation at the central

Credit : Social Media

bank's annual economic symposium in Jackson Hole on Friday, while U.S. stock futures fell in early premarket trading.

Credit : Social Media

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