So far, there is no indication that a Santa Claus rally is about to hit the stock markets. That is, the growth that is typical for stock trading at the end of the year. The main index of the New York Stock Exchange lost almost 1.5 percent.
The S&P 500 index fell by 1.45 percent on Thursday, the Dow Jones Industrial Average also lost more than a percent, and the technology Nasdaq even fell by 2.18 percent. These are the results of the penultimate trading day before Christmas on Wall Street.
Indices in Europe are falling
Almost the same development also occurred on stock exchanges in Europe. The pan-European Stoxx 600 index lost nearly one percent, as did the main index in Paris. The largest drop ever was recorded by the stock exchange in Frankfurt am Main, where the DAX index fell by 1.3 percent. Almost the same decrease also occurred in Milan.
Does this mean stronger measures against inflation?
Investors reacted to some data that came out of the US economy. Paradoxically, she was better than expected. Whether it’s an upward revision in economic growth, or the number of jobless claims that rose less than experts estimated. However, this means a higher probability of further interest rate hikes by the US Fed, and therefore tougher anti-inflation measures.
