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Amman, Sept. 10 (Petra) — European stock indexes closed lower across
the board on Thursday following the European Central Bank’s decision
to raise interest rates.
The pan-European Stoxx 600 index fell roughly 0.61% at the close,
according to CNBC.
Germany’s DAX dropped 0.69%, the UK’s FTSE 100 declined 0.57%, and
France’s CAC 40 closed down 0.49%.
The central bank’s rate hike coincided with sustained gains in global
oil prices and rising U.S. Treasury yields, compounding pressure on
investors and fueling concerns over persistent inflation.
//Petra// AF
