European stocks fell on Thursday after the Bank of England predicted that the UK economy would experience the biggest contraction in a century this year.
Although the bank maintains a stable interest rate and the size of its bond-buying program, it warned that the UK’s economic output will fall by 9.5% this year and will remain below pre-pandemic levels at least until the end of the year. 2021
^ STOXX) fell by about 0.4%, while the London FTSE 100 (^ FTSE) was in red 1.3%. The pan-European index STOXX 600 (^ STOXX) fell by about 0.4%, while the London FTSE 100 (^ FTSE) was 1.3% in red.
GLEN.L) and ITV (ITV.L“. data-reactid =” 26 “> UK stocks were hit a second time by a series of poor performance by the company, including Glencore (GLEN.L) and ITV (ITV.L).
The United Kingdom will have the largest annual decline in 100 years“data-reactid =” 31 “>READ MORE: The United Kingdom will have the largest annual decline in 100 years
^ GDAXI) decreases slightly, while the French CAC 40 (^ FCHI) fell by more than 0.5%. Stocks fell by about 0.8% in the Italian FTSE MIB (FTSEMIB.MI) as well as the shares of the Spanish IBEX (^ IBEX). The German DAX (^ GDAXI) fell slightly, while the French CAC 40 (^ FCHI) fell by more than 0.5% and stocks fell by about 0.8% in the Italian FTSE MIB. MI) as well as the shares of the Spanish IBEX (^ IBEX).
“It was a tough morning for the FTSE 100, hitting the Bank of England and some of the reporting companies on Thursday,” said Connor Campbell, a financial analyst at the Spreadex trading platform.
“Keeping interest rates at a record low of 0.1%, Andrew Bailey’s central bank has warned that the UK economy has shrunk by 20% in the second quarter,” he said.
Shares in Asia had a similar mixed trading session.
Wetherspoon to the ax to 130 jobs in the central office against the backdrop of a dent for trade“data-reactid =” 36 “>READ MORE: Wetherspoon to the ax to 130 jobs in the central office against the backdrop of a dent for trade
^ SSEC) rose 0.26% on Thursday, while Hang Seng (^ HSI) closed more than 0.8% in red in Hong Kong. The Shanghai SSE Composite Index (^ SSEC) rose 0.26% on Thursday, while Hang Seng (^ HSI) closed more than 0.8% in red in Hong Kong.
^ N225) fell by 0.4%, while the composite index KOSPI (^ KOSPI) in South Korea rose by about 1.3%. The Australian ASX 200 (^ AXJO) increased by almost 0.7%. Japan’s Nikkei (^ N225) fell 0.4 percent, while South Korea’s KOSPI (^ KOSPI) composite index rose about 1.3 percent. Australia’s ASX 200 (^ AXJO) rose by almost 0.7%.
Futures point to a slightly greater openness to equities in the United States, even as the dispute over funding for the United States Postal Service raised the prospect of further delays for lawmakers agreeing on new stimulus measures.
ES = F) increased by about 0.1%. Dow Jones Industrial Medium Futures (YM = F) climbed by about 0.2%. Nasdaq Futures (NQ = F), meanwhile, rose slightly. “data-reactid =” 40 “> S&P 500 (ES = F) futures rose about 0.1%. Dow Jones Industrial Industrial (YM = F) average futures rose about 0.2%. Nasdaq futures futures = F) meanwhile increased slightly.