Eurozone Stocks Main Indexes Open Lower
BlockBeats News, January 20th, according to market data, major European stock indices opened lower, with the France CAC40 index down 0.5% as Trump threatens to impose 200% tariffs on French wine and champagne. The Euro Stoxx 50 index fell 0.59%, the Germany DAX index fell 0.68%, the UK FTSE 100 index fell 0.67%, and the Italy FTSE MIB index fell 0.6%.
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The yen broke below the 156 mark overnight as the Federal Reserve’s hawkish rate hikes pushed the Bank of Japan to a “high-pressure moment.”
After the Federal Reserve raised interest rates, the Japanese yen fell overnight to 156.42. The market is betting that the Bank of Japan will raise rates by 25 basis points on Friday. If the stance is dovish, the yen could fall further to 158 or even 160.
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