European stock market U.S. Federal Reserve cuts interest rate sharply, March 4 at 6:37
European stock markets on Tuesday saw price increases narrower after the US Federal Reserve announced an urgent rate cut, despite buying orders widening on central bank expectations of monetary easing. .
The European stock market on March 3 showed that central banks in each country were taking steps to prevent the spread of the new coronavirus, and expectations for monetary easing increased buying orders immediately after commencement of trading, and stock prices rose in each market. At one time, the price rose significantly.
However, the stock price in the European markets has narrowed as the stock prices began to fall in the New York market after the Fed, the US central bank, took an urgent increase in interest rates.
In the end, the main market stock indices closed at around 1.1% in Paris and Germany in Frankfurt, around 1% in London and around 0.4% in Milan in Italy compared to the previous day.
Market officials say, "A number of investors perceived that the Fed's urgent rate cut was within expectations. The pandemic of the new coronavirus has become even more widespread in Europe, and alertness has increased." .