The main European stock markets open with heavy losses after the announcement of upcoming rate hikes

The main European stock markets have opened this Thursday with a strong corrective after the US Federal Reserve (Fed) has reiterated that there will be more rate hikes after the June break, and waiting for the Bank of England to increase the price of money by 25 basis points today.

At the opening of the session, Milan stands out by falling 1.81%; Madrid, 1.60%; Paris, 1.58%; London, 1.34%; and Frankfurt, 1.24%.

The Euro Stoxx 50 index, which brings together the largest listed companies, fell 1.20%.

Opening with significant losses in Europe after a negative close yesterday on Wall Street and this morning in Asia, after the president of the Fed, Jerome Powell, assured that there will be more rises in interest rates after the pause that has led to Cape in June.

Powell will appear again today, in the Senate Banking Committee, where he is expected to repeat the same message.

Therefore, the focus of attention today will be on the Bank of England, which could raise interest rates again, after learning this week that inflation in the United Kingdom has remained on the rise.

The euro is currently trading at US$1.0988, while the price of Brent crude, the benchmark in the Old Continent, falls 0.30%, to US$76.89.

The yield of the ten-year German bond, considered the safest in Europe, reaches 2.419%.

Gold fell 0.16%, to US$ 1,929.5 an ounce.