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European equities are declining following the rigid forecasts of the Bank of England



European equities fell Thursday after the Bank of England predicted that the British economy would experience its biggest contraction in a century this year.

Although the bank has maintained both its benchmark interest rate and the size of its bond purchase program, it warned that UK economic output would drop 9.5% this year and remain below the levels. pre-pandemic at least until the end of 2021.

^ STOXX) dropped by about 0.4%, while London’s FTSE 100 (^ FTSE) was 1.3% in red. “data -eagid =” 25 “> The pan-European index STOXX 600 (^ STOXX) fell by about 0.4%, while London’s FTSE 100 (^ FTSE) was 1.3% in red .

GLEN.L) and ITV (ITV.L“data -eagid =” 26 “> Shares in the United Kingdom suffered a second blow from a series of weak corporate results, including Glencore (GLEN.L) and ITV (ITV.L).

The UK economy will experience the largest annual decline in 100 years“data-reactionid =” 31 “>READ MORE: The UK economy will experience the largest annual decline in 100 years

^ GDAXI) decreased slightly, while the CAC 40 of France (^ FCHI) decreased by more than 0.5%. Stocks dropped by around 0.8% on the Italian FTSE MIB (FTSEMIB.MI), as well as the actions of the Spanish IBEX (^ IBEX“. data -eagid =” 32 “> The German DAX (^ GDAXI) decreased marginally, while the French CAC 40 (^ FCHI) decreased by more than 0.5%. Stocks decreased by around 0.8 % on the Italian FTSE MIB (FTSEMIB.MI), as well as the shares of the Spanish IBEX (^ IBEX).

“It has been a hard morning for the FTSE 100, it suffered blows from the Bank of England and some of the reporting companies on Thursday,” said Connor Campbell, financial analyst at the Spreadex trading platform.

“By keeping interest rates at a low of 0.1%, the central bank led by Andrew Bailey warned that the British economy shrank by 20% in the second quarter,” he said.

Shares in Asia had a similarly mixed trading session.

Wetherspoon to ax up to 130 central office jobs in the middle of the trade“data-reactionid =” 36 “>READ MORE: Wetherspoon to ax up to 130 central office jobs in the middle of the trade

^ SSEC) rose 0.26% on Thursday, while the Hang Seng (^ HSI) closed more than 0.8% in red in Hong Kong. “data-reagid =” 37 “> The Shanghai SSE composite index (^ SSEC) rose 0.26% on Thursday, while the Hang Seng (^ HSI) closed more than 0.8% in the red in Hong Kong. Kong.

^ N225) fell 0.4%, while the KOSPI composite index (^ KOSPI) in South Korea increased by about 1.3%. ASX 200 in Australia (^ AXJO) increased by almost 0.7%. “data -eagid =” 38 “> The Japanese Nikkei (^ N225) decreased by 0.4%, while the KOSPI (^ KOSPI) composite index in South Korea increased by about 1.3%. L Australian ASX 200 (^ AXJO) rose nearly 0.7%.

Futures were indicating a slightly higher opening for equities in the United States, although a dispute over funding for the United States’ postal service raised the prospect of further delay for lawmakers agreeing on new stimulus measures.

ES = F) increased by about 0.1%. Futures Dow Jones Industrial Average (YM = F) increased by about 0.2%. Nasdaq Futures (NQ = F), meanwhile, have increased marginally. “data-reagid =” 40 “> S&P 500 futures (ES = F) increased by approximately 0.1%. Dow Jones Industrial Average futures (YM = F) increased by approximately 0.2%. Nasdaq futures (NQ = F), meanwhile, have increased marginally.


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