The US Federal Reserve’s willingness to start withdrawing stimulus is intimidating investors. distance Most monetary policy makers announced Inflation target as achieved (As the minutes of the latest meeting revealed, released on Wednesday), markets are fed up with the prospect of cheap money and liquidity in the financial system.
This perspective (associated with the exacerbation of the epidemic in many Asian countries) is detrimental to the Asian and European stock exchanges. The pan-European Stoxx 600 Index is down 1.1% (the biggest daily drop in more than a month), the French CAC 40 is down 1.8%, while the German DAX is down 0.3%.
In Lisbon, the PSI-20 index fell by 1% to 5,257.67 points, and was punished with a loss of Galp Energia by 2.21% to 8.42 euros. The oil company led by Andy Brown is tracking the negative sentiment towards oil: Brent crude in London fell 2.2% to $66.74 a barrel, and West Texas Intermediate crude in New York fell 2.75% to $63.66.
In addition, Semapa (-1.54% to €11.54), Mota-Engil (-1.5% to €1.32), CTT (-1.22% to €4.45) and BCP (-1.2% to €0.1257) continue to lose out. On the other hand, gains were limited to EDP which rose 0.28% to 4.66 euros, and Jerónimo Martins which rose 0.36% to 18.01 euros per share.
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