DAX plunges 200 pts on hints of ECB policy change
Major European stock markets closed with losses on Wednesday as the DAX plunged more than 200 points following the hints that the European Central Bank might adjust its monetary policy sooner than expected.
Earlier today, the European Union reassured the United Kingdom the two sides would be able to find a solution related to the Northern Ireland Protocol within the existing agreement. In business news, Novavax initiated the phase 1/2 study of its seasonal influenza and COVID-19 vaccine combination jab.
The DAX sank 1.47% or 232 points at the closing bell, as Siemens Energy plummeted 8.09%. The FTSE 100 lost 0.75% led by Persimmon’s decline of 3.93%. The CAC 40 fell 0.85%, with Stellantis dropping 2.78%. The euro lost 0.19% against the dollar to sell for 1.18174, while the pound tumbled 0.25% to $1.37518 at 5:32 pm CET.
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