European shares fell sharply on Friday, as investors digested a raft of central bank decisions and a new economic plan from the United Kingdom
The Stokes 600 It was down 2.8% in early afternoon trade, with all major sectors and exchanges trading in the red.
Oil, gas and basic resources stocks were the biggest losers, both down more than 4%.
Thursday’s market moves come after the UK government Announce a set of tax cuts As the country prepares for recession. Sterling pound It was down 1.8% against the dollar near midday to trade at $1.1048 following the news.
Bank of England too high rates By 50 basis points on Thursday – the seventh straight increase – and she said she believed the UK economy was already in a recession.
Thursday also, the Swiss National Bank raised its standard price to 0.5%a shift that puts an end to the era of negative interest rates in Europe.
Meanwhile, the US Federal Reserve, It rose by another three-quarters of a percentage point Wednesday, and indicated that the rises will continue.
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