December 6, 2022

Wire Service Canada

Complete Canadian News World

Inflation is at a 40-year high in the United States. Bottom stock exchanges, spread exceeded 200 basis points – Economy

L ‘inflation in United State run and fly highest levels in the past forty years: It was actually from November 1981 That there was not such a big jump. Consumer prices rose 9.1% in June. On a monthly basis, the increase was 1.3%, the largest since 2005.

The Consumer prices It rose 9.1% year over year, above expectations of analysts who had bet +8.8%. On a monthly basis, the increase was 1.3%.

The jump in US inflation in June will push feed it And raise interest rates by 0.75% at the next meeting. Analysts are convinced that in the face of the new price hike, the central bank has no alternative but to take drastic measures to try to contain inflation, which has risen to its highest levels since November 1981.

European bags at the bottom The street of the wall below opens hard

The data resulted in a European stock market decline acceleratedMilan lost 1.84%, Frankfurt 1.98%, Paris 1.86% and London 1.29%. The Spread between BTP and Bund It exceeds 200 basis points with the Italian 10-year yield at 3.17%. The euro and the dollar remain on par with the single currency, which trades at 1,003 on the dollar.

Wall Street It opens sharply with inflation in the US. The Dow Jones It loses 1.22% to 30,621.18 points Nasdaq It is down 1.54% to 11,094.89 points while the S&P 500 leaves 1.28% off the ground at 3769.99 points.