the CAC 40 falls to its lowest level of the year

European stock markets were taken by risk aversion and closed sharply lower on Friday, September 23, due to signs of economic recession in the euro zone and monetary tightening by central banks. the Paris Stock Exchange fell 2.28% and fell to its lowest closing level in a year and a half, while Frankfurt lost 1.97%, falling to a level not seen since November 2020. London lost 1.97% after government budget announcements that worry investors and Milan fell 3.36% ahead of legislative elections.

This morning, a few minutes before the premiere, the star index ACC 40 rose 0.32% as global markets fret over the risk of a recession as central banks raise interest rates to counter runaway inflation. The day before, the Parisian rating ended with a sharp drop of 1.87%. Wall Street closed in the red on Thursday for the third consecutive session, the US S&P index closed at its lowest level since mid-July.

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The US Federal Reserve (Fed) and many central banks around the world have gone on the offensive against runaway inflation by raising their policy rates to curb rising prices by (…)

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