Europe closes sharply lower with sanctions, Fed in focus

Wednesday, 06. April 2022 17:30

Shares on the major European stock market benchmarks traded with sharp losses as the session ended on Wednesday with the rift between Russia and the western countries in traders' focus.

The investors also monitored the statements by the United States Federal Reserve branch directors, after Member of the Federal Reserve Board of Governors Lael Brainard signaled Fed is ready to take stronger action to curb inflation. The minutes of the latest policy meeting are scheduled for release after the close.

The DAX plunged 1.89% at the close with HelloFresh diving 9.46%. The CAC 40 tumbled 2.21% at the same time as Schneider Electric sank 5.15%. In London, the FTSE 100 decreased by 0.34% at the bell with Intermediate Capital Group down by 6.31%. The euro and the pound were flat against the dollar, selling at 1.09082 and 1.30758 at 5:29 pm CET, respectively.

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Author:
Baha Breaking News (BBN) / BU