Pessimism returned to U.S. and European stock exchanges

The main US and European stock indexes closed Friday in the red as concerns about the future of the global economy came to the fore. In the US Dow Jones was down 0.86%, S&P 500 - 1.29%, NASDAQ - 2.01% (before that the latter two had been showing the growth for 4 days in a row). In Europe German DAX and French CAC 40 lost 1.12% and 0.94% respectively, only FTSE 100 gained 0.11%.

The negative factor was the release of the Federal Reserve's meeting minutes, which noted that high interest rates should be maintained further to fight inflation, even though it may have a negative impact on the economy. According to Richard Hunter, head of markets at Interactive Investor, in an interview with Bloomberg, there is no doubt that the regulator is most focused on lowering inflation and is willing to sacrifice the well-being of the economy to do so. Earlier last week, the stock market was on a wave of positivity, buoyed by lower inflation in the United States in July.