U.S. and European exchanges continued to fall, reflecting Friday’s statements of the head of the Federal Reserve

The main American and European stock indexes closed Monday in the red, continuing the negative dynamics of Friday. According to Morgan Stanley, this was contributed by the negative statements of the Fed chairman Jerome Powell, which sounded on the last day of the last week, which made it clear that the regulator will continue to raise the rates regardless of the recession threat. Investors fear that the Fed's actions will seriously worsen the state of the U.S. economy.

Against this backdrop, stock indices fell sharply on Friday. The S&P 500 saw its biggest decline since June, with the Dow Jones down more than 3%. NASDAQ was down 4%. Investors continued to walk away from risk yesterday as the Dow Jones lost 0.57%, the S&P 500 lost 0.66%, the NASDAQ lost 1.02%.

In Europe, following the yesterday's session DAX (Germany) fell by 0.61%, CAC 40 (France) - by 0.83%. In the UK no trades were held due to the bank holiday. Friday indices ended with a decrease of 0.7% - 2.26%.