Would you like to receive notifications on latest updates of the following headlines?

European Stock Markets Extend Losses Amid High Interest Rates

POSTED ON October 2, 2023 •   Business      BY Segun Adewole
European stock markets continued their downward trajectory at the opening of trading on Tuesday, compounding losses that began earlier in the week. The primary driver behind this ongoing decline is growing apprehension over the persistence of high-interest rates in the financial landscape. In London, the FTSE 100, the city's leading benchmark index, registered a 0.1 percent drop to 7,503.20 points, following a substantial loss of over one percent on the preceding trading day. Investors remained cautious as they monitored developments in the market. Across the eurozone, Frankfurt's DAX index initiated the day with a 0.4 percent decline, settling at 15,186.92 points. Simultaneously, the Paris CAC 40 also experienced a 0.4 percent dip, landing at 7,041.98 points as traders responded to the prevailing economic climate. The current market sentiment is primarily driven by concerns regarding the outlook for interest rates. Investors are growing increasingly worried that high interest rates, which have been a recent trend, may persist for an extended duration. This uncertainty has led to a cautious approach in the investment landscape, with market participants closely monitoring central bank policies and economic indicators for clues on future developments. As the trading week unfolds, market participants will be keenly observing any shifts in sentiment and closely analyzing economic data that may offer insights into the future direction of interest rates. The volatility in European stock markets reflects the broader global financial landscape, where investors continue to navigate a complex environment influenced by various economic and geopolitical factors.
0
READ ALSO
PDP slams Niger governor for regret amid economic decline
BY Abiodun Saheed Omodara March 13, 2025 0

MINNA , Nigeria - The opposition Peoples Democratic Party (PDP) has ridiculed Governor Moh...

READ ALSO
Nigeria unveils comprehensive economic strategy to drive sustainable development
BY Abiodun Saheed Omodara March 11, 2025 0

ABUJA, Nigeria - The Federal Government, represented by the Minister of Finance and Coordinating Min...

READ ALSO
Tax reform bills sparks controversy among stakeholder
BY Abiodun Saheed Omodara March 11, 2025 0

The recently concluded public hearing on the proposed tax reform bills has sparked debates among sta...

READ ALSO
Mining and Misery: Human cost of Tin extraction in Plateau
BY Abiodun Saheed Omodara March 11, 2025 0

PLATEAU, Nigeria (NAN) - Tin mining in Plateau started in 1902 under British rule, with large-scale...

READ ALSO
Stock market gains N52bn on cautious trading
BY Abiodun Saheed Omodara March 11, 2025 0

The stock market began the week on a positive note, with investors earning N52 billion and performan...

READ ALSO
NNPC, Dangote negotiate new Naira-for-Crude deal ahead March 2025 deadline
BY Abiodun Saheed Omodara March 10, 2025 0

The Nigerian National Petroleum Company (NNPC) and Dangote Petroleum Refinery have begun discussions...

READ ALSO
Nigeria Rank Top 10 African Nations Contributing to 69% of Continent's External Debt
BY Abiodun Saheed Omodara March 5, 2025 0

The Africa Export and Import Bank (Afreximbank) has reported that Nigeria is among the 10 African na...

READ ALSO
FG unveils TMRAS to enhance revenue mobilization
BY Abiodun Saheed Omodara March 5, 2025 0

The Federal Government appears to be moving forward with plans to shift payment processing for publi...

OUR CHANNELS:

PDP slams Niger governor for regret amid economic decline
BY Abiodun Saheed Omodara March 14, 2025 0

MINNA , Nigeria - The opposition Peoples Democratic Party (PDP) has ridiculed Governor Moh...


FG launches digital skills training program to combat unemployment, foster economic growth
BY Abiodun Saheed Omodara March 14, 2025 0

ABUJA, Nigeria -  In an effort to address unemployment and stimulate economic growth, the Feder...


ICPC arraigns suspended REA boss, businessman over N15M fraud
BY Abiodun Saheed Omodara March 14, 2025 0

KWARA, Nigeria - The trial involving the former Governor of Kwara State, Abdulfatah Ahmed, and his F...


N35bn loan disbursement for 261,000 students in Nigeria
BY Abiodun Saheed Omodara March 14, 2025 0

EDO, Nigeria - The Nigerian Education Loan Fund (NELFUND) said it has so far disbursed N35 billion t...


Shettima advocates collaborative leadership for lasting change
BY Abiodun Saheed Omodara March 14, 2025 0

Vice-President Kashim Shettima, on Wednesday, emphasized the need for unity and collaboration among...


Court orders 'Gangs of Lagos' producers to apologize for cultural misrepresentation
BY Abiodun Saheed Omodara March 13, 2025 0

LAGOS, Nigeria - The Isale Eko Descendants Union has expressed its contentment with the court's deci...


Bauchi approves groundbreaking bill for sanitary pad banks
BY Abiodun Saheed Omodara March 14, 2025 0

BAUCHI, Nigeria (NAN)- The Bauchi State House of Assembly (BAHA) has approved a bill to create sanit...


Nasarawa launches agricultural support program to empower women
BY Abiodun Saheed Omodara March 13, 2025 0

NASARAWA, Nigeria - The Federal Ministry of Agriculture and Food Security, in partnership with the F...


UNICEF, EU launch SARAH initiative to support adolescent girls
BY Abiodun Saheed Omodara March 13, 2025 0

YOLA, Nigeria (NAN) - At least 75,000 adolescent girls are anticipated to benefit annually from a re...


Court sets March 21 for ₦5b DSS defamation suit against SERAP
BY Abiodun Saheed Omodara March 13, 2025 0

ABUJA, Nigeria - A judge of the High Court of the Federal Capital Territory (FCT), Yusuf Halilu, sch...


More Articles

Load more...

Menu