The European Central Bank finished its monthly meeting today and mentioned that they will raise the rate next month, at least, 0.25%. ECB also notified that the Eurozone’s inflation rate is 8.1% in May.
It’s all in the range of the expectations but the global equity markets moved in a negative way.
MSCI Global stock index was downed 0.9%, the European STOXX 600 index was downed 1.4%,
Hang Seng index fell 0.7% and the Chinese CSI 300 index was downed 1.1%.
Adding to this, the Chinese government ordered a new partial lockdown in Shanghai and Beijing last night. Another negative factor to the market.
US stock market retreated big today with negative news from Europe and China.
DJ Index fell 1.9%, S&P 500 index was downed 2.4% and NASDAQ index downed 2.8% today.
Apple was downed 3.6%, MS was downed 2.1%, Amazon was downed 4.2% and Tesla was downed 0.9%.
Tomorrow is the day with US’s CPI numbers and the perception of the market today is not good at all.
