Main Events Today in the World of Finance, Business, and Cryptocurrencies

🫥 Euro Zone ====================

Collective declines in European indicators at the end of Monday's session 🫥

German ‌ #DAX⁩ index closes down by about 0.91%

French ‌ #CAC⁩ index closes with losses of about 0.94%

British ‌ #FTSE⁩ index closes with a decline of about 1.28%‌

#STOXX600⁩ index closes with losses of about 1.01%.

😆 US Stock Market ===============

🔥 Mixed results at the end of Monday's session in ‌ #Wall_Street⁩

Dow Jones index declines by about 2.22%S&P 500 index closes flat‌ #Nasdaq⁩ index rises by about 0.67%.

♨️ Key Statements from Federal Reserve Members and Economic Data ========

🔴 Today, industrial purchasing managers' index data was released contrary to market expectations. This index is important for forecasting future interest rates, as it provides an overall insight into the general economic performance and whether it is heading towards a recession or not.

The data this time was positive, indicating that the economy is moving away from a recession, something the Federal Reserve does not want as it contributes to rising inflation. Therefore, these data support a strengthening of the dollar on one hand and negatively affect gold and currencies on the other hand.

🔴 During her statements today, Federal Reserve member Michelle Bowman affirmed that it is likely appropriate for the US Federal Reserve to consider raising interest rates again.

🔴 Inflation remains excessively high.

🔴 I see a risk that high energy prices could reverse some of the recent progress made by the US Federal Reserve in reducing inflation.

🔴 The repetition and scope of recent data revisions complicate the task of predicting how the economy will evolve.

🔴 Progress regarding inflation is expected to be slow given the current level of monetary policy constraints.

🧨‌ ‌ #Jamie_Dimon⁩: ‌ #The_Fed⁩ may raise interest rates by an additional 150 basis points.

#BTC #usa