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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The real power of the Strait of Hormuz lies not in closing it, but in the threat of closure.
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in targeted strikes on the country.
Israel’s Defence Minister Israel Katz has said the country’s military killed two of Iran’s most senior security figures in overnight airstrikes, as tensions across the Middle East continue to escalate.
Kazakhstan’Kazakhstan’s lower house has approved plans for a green energy corridor with Azerbaijan and Uzbekistan. Once implemented, the project would see renewable electricity generated in the two Central Asian countries transmitted to Europe via Azerbaijan.
The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
The process of evacuating foreign diplomats and citizens from Iran to Azerbaijan through the Astara state border crossing continues on Sunday (15 March), ensuring smooth and efficient transit for those arriving.
Israel's Defence Minister Israel Katz has said that Iran's security chief Ali Larijani was killed in targeted strikes on the country.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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