12/20/2022, 9:03 AM (Source: TeleTrader)
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Europe opens in red after gas cap, Asian policy calls

Major European opened in negative territory on Tuesday as investors took the latest monetary policy decisions from China which opted to hold its benchmark rates and Japan whose policy tweak caused the dollar to plunge against the yen.

Traders turn their sights to the economic outcome of the European Union's decision to set a gas price ceiling of €180 per megawatt-hour (MWh).

The German DAX fell by 0.75%, as Siemens pulled the index down by 2.01%. London's FTSE 100 dropped by 0.60%, with Sage Group losing 2.81%, and the CAC 40 decreased by 0.78%, as Engie went down by 2.97%.

The euro went up 0.10% against the dollar to sell at 1.06148 at 9:00 am CET, while the pound gained 0.09% against the greenback, to go for $1.21542.

Baha Breaking News (BBN) / MX