Stock prices continue to fall on the US and European stock exchanges

Stock prices in the United States and Europe continued to fall on Wednesday, as investors worried about the inability of Democrats and Republicans to agree on raising the US national debt ceiling.

“With none of the parties wanting to back down from their positions until the very last moment, the markets are being tested [dalībnieku] nerves, so we see investors’ reluctance to buy risky assets,” said KCM Trade analyst Tim Waterer.

If an agreement is not reached by June 1, a US default is expected.

The Dow Jones Industrial Average fell 0.8% to 32,799.92 on Wednesday, the Standard & Poor’s 500 fell 0.7% to 4,115.24, and theNasdaq Composite” decreased by 0.6% to 12,484.16 points.

London’s FTSE 100 fell 1.8% to 7,627.10 on Wednesday, Frankfurt’s DAX fell by 1.9% to 15,842.13 points, while the Paris Stock Exchange CAC 40 index fell by 1.7% to 7,253.46 points.

of New York In electronic trading of the stock exchange, the price of WTI crude oil rose by 2% to 74.34 US dollars per barrel on Wednesday. The price of “Brent” crude oil on the London Stock Exchange rose by 2% to 78.36 dollars per barrel.

On the Dutch exchange “Title Transfer Facility” (TTF) natural gas price fell by 4.6% to 27.79 euros per megawatt hour on Wednesday.

The euro fell to $1.0754/euro on Wednesday from $1.0774 to $1.0754/euro, the British pound was down from $1.2415 to $1.2365/pound to the US dollar, while the US dollar/yen rose from 138.57 to 139.43 yen per dollar. The euro rose against the British pound from 86.74 to 86.94 pence per euro.