The willingness of the US Federal Reserve to begin lifting stimulus scares investors. after most monetary policymakers have announced inflation target reached (As evident from the minutes of the last meeting released this Wednesday), the markets are unhappy with the possibility of a decrease in the amount of cheap money and liquidity in the financial system.
This prospect (linked to an exacerbation of the pandemic in several Asian countries) hit Asian and European stock exchanges. The pan-European Stoxx 600 fell 1.1% (the biggest daily drop in more than a month), the French CAC 40 fell 1.8%, while the German DAX is countering, reaching 0.3% gains.
In Lisbon, the PSI-20 index fell 1% to 5,257.67 points, which is associated with a 2.21% loss to 8.42 euros from Galp Energia. The oil company, led by Andy Brown, follows negative sentiment on oil: Brent crude traded in London fell 2.2% to $ 66.74 a barrel, while WTI crude in New York fell 2.75% up to $ 63.66.
In addition to this, Semapa (-1.54% up to € 11.54), Mota-Engil (-1.5% up to € 1.32), CTT (-1.22% up to € 4.45) and BCP (-1.2% to 0.1257 euros) continue with significant losses. … On the other hand, earnings are capped by the EDP, which rose 0.28% to 4.66 euros, and Jerónimo Martins, which rose 0.36% to 18.01 euros per share.
