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.
Delegates from foreign ministries of Iran, China, and Russia met in Tehran on Tuesday to discuss the latest developments in Iran’s nuclear program p...
Two people have died and two others are being treated in hospital for serious injuries following a shooting incident in the Northern Ireland county of...
Kazakhstan and China have launched a pilot project using autonomous freight trucks at the Bakhty-Pokitu crossing, aiming to speed up customs procedure...
Sanctions are one of the most powerful foreign policy tools that countries use to influence international behaviour, short of going to war. But how do...
Türkiye and Britain have signed a memorandum of understanding on Wednesday to allow Ankara to become a user of Eurofighter Typhoon fighter jets, mark...
Delegates from foreign ministries of Iran, China, and Russia met in Tehran on Tuesday to discuss the latest developments in Iran’s nuclear program particularly the threat by the three European powers -- Germany, France and the United Kingdom -- on return of UN sanctions in October.
Two people have died and two others are being treated in hospital for serious injuries following a shooting incident in the Northern Ireland county of Fermanagh, police said on Wednesday.
Kazakhstan and China have launched a pilot project using autonomous freight trucks at the Bakhty-Pokitu crossing, aiming to speed up customs procedures, reduce transport costs, and modernise cross-border logistics under a new "Smart Customs" initiative.
Sanctions are one of the most powerful foreign policy tools that countries use to influence international behaviour, short of going to war. But how do they actually work? Who imposes them? And who ends up paying the price? Let’s break it down.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Türkiye has secured €2.4 billion ($2.8 billion) in green financing for a railway project aimed at establishing a direct rail connection to Azerbaijan's Nakhchivan exclave.
UK has announced fresh sanctions to crack down Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.
China’s June exports of rare-earth permanent magnets to the U.S. have skyrocketed by 660%, reaching 353 metric tons, as Beijing lifted earlier restrictions under a new trade pact—though volumes remain below June 2024 levels amid ongoing supply chain recovery.
China is set to prohibit the resale of new cars within six months of registration, aiming to end the practice of inflating sales through so-called 'zero-mileage' used vehicles and restore transparency in the competitive auto market.
Oil prices fell below the key $70 per barrel mark last week as increased output from OPEC+ eased supply concerns, while renewed U.S. tariff threats under President Donald Trump weighed on global demand expectations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment