Stock markets take blow on GLOPEC move, surging US dollar

06.10.2022

European shares fell back on Wednesday as investors after OPEC+ announced a larger than expected reduction in their combined output.

The cartel and its Russian-led allied said they would reduce their production by 2.0m barrels a day, roughly twice the amount anticipated.

In response, the pan-European Stoxx 600 index was down 1.02%...