3/23, 9:01 AM (Source: TeleTrader)
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Europe opens mostly lower in Fed's call aftermath

Major stock market indexes in Europe opened lower on Thursday after the United States Federal Reserve decided to raise the key interest rate by 25 basis points after all despite considering not doing so amid the ongoing instability in the banking sector. Later in the day, the Bank of England (BoE) will unveil its newest call on the same issue.

The DAX opened 0.24% lower as Commerzbank AG lost 1.47%. The FTSE 100 declined by 0.36%, with Schroders PLC plunging by 4.21%. The CAC 40 decreased by 0.15% as Teleperformance SE sank by 4.26%. The Eurostoxx stood flat.

The euro rose by 0.46% against the dollar at 8:58 am CET to sell for $1.09050. At the same time, the pound sterling grew by 0.35% against the greenback to change hands for $1.23110.

Baha Breaking News (BBN) / JR