Bloomberg: The Iranian crisis has harmed the EU stock market more than the US.
The Middle Eastern crisis has dealt another blow to the European economy. This was reported by Bloomberg.
It turned out that since the beginning of hostilities, the Euro Stoxx 50 index, which reflects the state of 50 largest companies from 12 eurozone countries, has fallen by more than seven percent. At the same time, the American S&P 500 index has decreased by less than four percent.
Commenting on this data and the higher sensitivity of the European economy to oil prices, the agency predicts that the days of easing monetary policy by the European Central Bank are coming to an end. The regulator's next step is likely to be an increase in interest rates. This may happen as early as April, as the energy shock begins to affect inflation indicators.
It was previously reported that the US-Iranian war has called into question the continuation of economic recovery in the eurozone. This is evidenced, in particular, by the April decline in the Sentix index, which reflects investor confidence in the economic development of the eurozone, by 16.1 points to minus 19.2. This turned out to be the lowest value in a year.
