For the first time since 2002, the euro has reached parity with the dollar
The euro reached parity with the dollar and stock markets fell on Tuesday, plagued by concerns about energy problems in Europe, pending US inflation figures and corporate results. European indices continued to fall for the second session in a row. Around 11:40 GMT, Frankfurt lost 0.67%, London 0.29% and Paris 0.12%. In Asia, trading places were also down. Tokyo closed in the red, with the Nikkei index losing 1.77%. The Hong Kong Stock Exchange lost 1.32% and Shanghai 0.97%.
The war in Ukraine in question
The New York Stock Exchange was moving towards an opening generally down, 0.43% for the S&P 500 and 0.50% for the Dow Jones. The Nasdaq, with strong technological coloring, was stable around 11:40 GMT. On Monday, the Dow Jones lost 0.52%, the Nasdaq index dropped 2.26%, and the broader S&P 500 index lost 1.15%.
The single currency fell to one dollar shortly before 10:00 GMT, a threshold that had not been reached since 2002, the year it was put into circulation. After several rebounds leading the euro to 1.0069 dollars, the price resumed its descent, weighed down by the risk of a cut in Russian gas supplies for the European Union.
The situation in Europe is of particular concern to the markets. The two Nord Stream 1 gas pipelines that supply Russian gas to Germany and other Western European countries are under maintenance until July 21. The question is whether the Russian giant Gazprom will resume deliveries due to tensions linked to the war in Ukraine.