European stocks decline when closing with the renewal of critical tightening fears

yousef
economy
yousef13 February 2024Last Update : 4 months ago
European stocks decline when closing with the renewal of critical tightening fears

European stock indicators have deepened their losses at the end of Tuesday’s session, with the high revenues of European sovereign bonds, in light of the renewed fears of tightening monetary policy for a longer period than expected, after inflation data in the United States.

At the end of the trading, the value of the “Stoxus Europ 600” index fell 0.95% at 482.8 points, which is the lowest closure level since the January 25 session (478.5 points).

While the value of the British “Fotsi 100” index decreased by 0.8% at 7512 points, the French “CAC” value decreased 0.85% at 7625 points, and the German “DAX” index fell 0.9% at 16880 points.

This comes with the increase in German tennis revenues by more than 4 basis points at 2.411%, and the increase in Italian debt returns by more than 5 basis points to 3.971%, while British bond returns increased for 10 years by more than 11 basis points at 4.175%.

The US Labor Statistics Office stated that the consumer price index increased in January by 0.3% on a monthly basis and 3.1% on an annual basis, exceeding the market expectations of 0.2% on a monthly basis and 2.9% on an annual basis.

Short Link

Leave a Comment

Your email address will not be published.Required fields are marked *


Comments Rules :

You can edit this text from "LightMag Panel" to match the comments rules on your site