South East European stock markets ended Thursday’s trading session with losses, as hawkish policy actions from central banks fueled worries of a possible recession. The US Federal Reserve raised rates by 75bps yesterday in a desperate bid to control inflation, while presenting dismal economic forecasts. The European Central Bank last week announced its intention to hike the rate by a quarter point in July, causing turmoil in eurozone debt markets, and is accelerating work on a new crisis tool. The Bank of England on Thursday implemented a fifth consecutive hike to interest rates amid intensifying growth risks. And earlier today, the Swiss National Bank unexpectedly increased interest rates for the first time since 2007.
1. ATHENS – ATHEX -2.82%
2. BELGRADE – BELEX15 -0.70%
3. BUCHAREST – BET -0.08%
4. ISTANBUL – BIST 100 -1.81%
5. LJUBJLANA – SBITOP 0.22%
6. NICOSIA – CSE GI -0.07%
7. PODGORICA – MNSE 10 1.19%
8. SARAJEVO – SASX10 -0.12%
9. SKOPJE – MBI 10 -0.05%
10. SOFIA – SOFIX 0.01%
11. ZAGREB – CROBEX Closed
