Stocks in South East Europe closed lower on Wednesday in line with markets across rest of Europe, after data showing a faster-than-expected acceleration in U.S. inflation raised concerns the US Federal Reserve will continue to aggressive hike interest rates in the coming months. The consumer price index, a broad measure of everyday goods and services, soared 9.1% in June from a year ago, and above the 8.8% Dow Jones estimate. Traders continue to express concerns the Fed’s aggressive fight to contain elevated inflation will inadvertently push the world’s largest economy into a recession. Speaking of central banks, the National Bank of North Macedonia decided to raise its policy rate to 2.5%. Croatia’s central bank sees GDP growth at 5.5% in 2022 and 2.5% in 2023.
1. ATHENS – ATHEX 1.09%
2. BELGRADE – BELEX15 0.37%
3. BUCHAREST – BET -1.42%
4. ISTANBUL – BIST 100 -1.07%
5. LJUBJLANA – SBITOP -0.03%
6. NICOSIA – CSE GI -0.57%
7. PODGORICA – MNSE 10 0.00%
8. SARAJEVO – SASX10 %
9. SKOPJE – MBI 10 -0.18%
10. SOFIA – SOFIX -1.41%
11. ZAGREB – CROBEX -1.40%
