The Helsinki stock exchange crashed below the psychological limit on Friday with a wide market decline – “Investors threw in the towel”

The Helsinki stock exchange fell below the ten-ton threshold on Friday afternoon.

The OMXH general index of the Helsinki Stock Exchange finally ended with a decrease of 2.0 percent to 9,967.99 points.

Weak euro data and fears of a recession were cited as the reasons for the fall in European stock markets. the aggressive policy of the central banks and the British stimulus package.

Britain presented a stimulus package that includes, for example, the toughest tax cuts since 1972 and massive energy subsidies. It is hoped that the stimulus package will bring growth, but financing it with debt can be very expensive under current conditions. Inflation is also fast in Britain, and a stimulating fiscal policy can accelerate inflation even more.

Central banks have raised interest rates this week to curb inflation.

Today it turned out that the purchasing managers’ indices of the euro area were decreasing in September. Index down S&P Globalin According to

The US market opened sharply lower on Friday. Wall Street investors fear an economic downturn and a decline in corporate earnings from the US Federal Reserve The Federal Reserve as a result of an aggressive, anti-inflationary policy. The Dow Jones Industrial Average dipped below 30,000 points and the S&P 500 index approached this year’s lows.

Stock sales at the riskier ends of the market accelerated as Britain’s plan to revive the economy fueled concerns about higher inflation, which in turn could lead to further tightening of monetary policy. This, in turn, increases the probability of a recession, it was concluded Bloomberg’s in the market review on Friday.

“It seems that Stockbrokers and investors threw in the towel. This week feels like the sky is falling on our necks. The psyche is changing as people stop thinking about the possibility of a recession and accept the fact that it’s already here,” formulated SlateStone Wealthin rescuer Kenny Polcari for a news agency.

Of the dozen most traded stocks in Helsinki, the ones with the biggest decline were Wärtsilä , Stora Enso , Fortum , Nordea and Nokia .

Soprano and the car company Wetteri say they are moving forward with their merger, despite the fact that it will proceed through a public takeover offer.

Training company soprano the rate rose by 27 percent when Fever announced that he had decided that a public tender offer should be made for Soprano at a price of EUR 0.82 per share.

In the background is a setup where Soprano is fusing garage Wetterin with a share swap agreement. In practice, Wetter is supposed to end up on the stock market that way. Now, according to Fiva, the party that ends up as the company’s largest owner after the merger should make a public purchase offer for Soprano, because Fiva did not give permission to deviate from this obligation.

It is about to become the largest owner Aarne Simulan controlling entity, and the offer level is 0.82 euros per share, because Simula has bought Soprano’s shares at the highest price on the stock exchange since the companies agreed on the merger.

Soprano’s shares remain on the stock exchange’s watch list.

Source: Arvopaperi by

*The article has been translated based on the content of Arvopaperi by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!