European and Asian stock markets opened lower on Monday morning, dragged down by US inflation fears

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Drawn by the fall of the New York Stock Exchange, Wall Street, on Friday, the Asian and European stock exchanges opened lower this Monday morning.

 

On Friday, June 10, the New York Stock Exchange ended the week in the red and finished lower following the publication of statistics showing the strength of inflation in the United States. Indeed, the increase in consumer prices accelerated again in May in the United States, gaining +1% over one month and +8.6% over one year. According to analysts, inflation in this country has reached a level not seen for 40 years.

 

These findings had a direct effect on the New York stock market on Friday, which was reflected in the Asian and European stock markets at the opening on Monday 13 June.

 

On the Asian side, Chinese stock exchanges opened Monday down sharply, where the Shanghai Stock Exchange composite index gave up 0.87% to 3,256.28 points while the Shenzhen stock exchange fell by 0.77% to 2,069.19 points. In Hong Kong, the Hang Seng index lost 2.95%. The Tokyo Stock Exchange opened sharply lower on Monday morning. The flagship Nikkei index fell by 3% at the opening this morning.

 

U.S. stocks have fallen sharply, especially in the technology sector, and Japanese stocks should have a difficult start to the week,” predicted – rightly – Okasan Online Securities Friday.

 

As for Europe, it is not left behind either. These same inflationary fears were felt in the stock exchanges of the major European capitals and cities.

 

At the opening of the stock markets this morning around 8:20 GMT, in Paris, the CAC 40 lost 2.21%. In London, the FTSE 100 was down 1.27% and in Frankfurt, the Dax was down 1.94%.

 

Finally, the EuroStoxx 50 index was also down in the early morning, up to 2.25%.

 

The New York Stock Exchange has not yet opened this Monday (around 15:30 GMT), the analysts’ outlook is for an opening down about 2%.

 

 

Read also > WESTERN STOCK MARKETS RECOVER AS RESTRICTIONS ARE LIFTED IN CHINA

 

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Drawn by the fall of the New York Stock Exchange, Wall Street, on Friday, the Asian and European stock exchanges opened lower this Monday morning.

 

On Friday, June 10, the New York Stock Exchange ended the week in the red and finished lower following the publication of statistics showing the strength of inflation in the United States. Indeed, the increase in consumer prices accelerated again in May in the United States, gaining +1% over one month and +8.6% over one year. According to analysts, inflation in this country has reached a level not seen for 40 years.

 

These findings had a direct effect on the New York stock market on Friday, which was reflected in the Asian and European stock markets at the opening on Monday 13 June.

 

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Drawn by the fall of the New York Stock Exchange, Wall Street, on Friday, the Asian and European stock exchanges opened lower this Monday morning.

 

On Friday, June 10, the New York Stock Exchange ended the week in the red and finished lower following the publication of statistics showing the strength of inflation in the United States. Indeed, the increase in consumer prices accelerated again in May in the United States, gaining +1% over one month and +8.6% over one year. According to analysts, inflation in this country has reached a level not seen for 40 years.

 

These findings had a direct effect on the New York stock market on Friday, which was reflected in the Asian and European stock markets at the opening on Monday 13 June.

 

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