The euro fell to its lowest level in two years, to record less than $ 1.10 on Friday, at a time when Ukraine’s war overshadowed the economic recovery of the euro zone from the Covid-19 crisis.
Sharjah 24 – AFP:
The euro fell to its lowest level in two years, to record less than $1.10 on Friday, at a time when Ukraine’s war overshadowed the euro zone’s economic recovery from the Corona crisis.
Global financial markets recorded a new sharp decline on Friday, with the battles in Ukraine prompting investors to refrain from buying shares.
The Paris Stock Exchange fell 3.30%, heading to its worst week since March 2020, while the Frankfurt Stock Exchange fell 3.38%, approaching its lowest level since December 2020, and the London Stock Exchange lost 3% after 10.00 GMT, and Milan 3.70%.
In Asia, after a loss of more than 3% after the announcement of the bombing of the nuclear facility in Ukraine, the financial markets recorded a slight improvement. The Tokyo stock exchanges closed down by 2.23%, Hong Kong by 2.25% and Shanghai by 0.96%.
Oil prices rose slightly on Thursday, but they are still far from their peak the previous day.
The price of a barrel of West Texas crude oil for April delivery rose 1.22% to $ 108.98 at 08:30 GMT, after hitting its highest level since 2008 Thursday.