Stocks in South East Europe fell on Thursday mirroring the trend across Europe after the latest U.S. inflation data suggested that Federal Reserve officials are likely to stick with their approach of raising interest rates by a half point at each of their next two-three meetings to tame high-flying inflation. The annual inflation rate in the US stood at 8.3% in April from a 41-year high of 8.5% in March, but less than market forecasts of 8.1%.
Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) announced on Thursday it revised down 2022 world economic growth forecast for 2022 by 0.4 percentage points to 3.9%, in comparison to the last month’s assessment of 3.5%. These amendments are majorly due to the global impact of the current geopolitical situation in Eastern Europe.
1. ATHENS – ATHEX -1.88%
2. BELGRADE – BELEX15 0.16%
3. BUCHAREST – BET -1.37%
4. ISTANBUL – BIST 100 -2.53%
5. LJUBJLANA – SBITOP -1.30%
6. NICOSIA – CSE GI 0.25%
7. PODGORICA – MNSE 10 0.00%
8. SARAJEVO – SASX10
9. SKOPJE – MBI 10 -0.74%
10. SOFIA – SOFIX -1.03%
11. ZAGREB – CROBEX -1.40%
