European stock markets ended the day in negative territory following interest rate decisions by major central banks, including the U.S. Federal Reserve (Fed) and the Bank of England (BoE).
At the close of trading, the benchmark Stoxx Europe 600 index fell by 0.78% to 536.11 points.
Germany’s DAX 40 dropped 1.12% to 23,056.71 points, while France’s CAC 40 declined by 1.34% to 7,553.45 points.
In Italy, the FTSE MIB 30 index lost 1.21% to end at 38,942.19 points, and the UK’s FTSE 100 fell 0.58% to 8,791.8 points.
As of 19:06 local time (Baku time), the euro/dollar exchange rate had slipped 0.192%, trading at 1.146.
In global markets, investors were monitoring the Fed’s decision yesterday to keep interest rates unchanged, as well as ongoing geopolitical tensions in the Middle East. On the European side, the BoE also kept its policy rate unchanged at 4.25%, in line with market expectations.
The Bank of England highlighted that rising tensions in the Middle East are pushing up energy prices, which in turn could intensify inflationary pressures. The BoE reiterated that future interest rate decisions will follow a data-driven approach.
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In the wake of the October EU summit in Copenhagen, Europe’s security architecture seems to be entering a new phase.
Israel and Hamas have agreed to the first phase of the U.S.-proposed Gaza deal, which will see the release of all Israeli hostages, U.S. President Donald Trump announced on Wednesday.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
More than 200 health facilities in war-hit eastern Congo have run out of medicines due to widespread looting and supply chain disruptions during fighting this year, the International Committee of the Red Cross (ICRC) said on Wednesday.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that the fast-growing market could remain dominated by the United States, a senior euro zone official said.
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