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Author Topic: European stocks closed lower, ECB fears signal QE cuts  (Read 473 times)

Xilior

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European stocks closed lower, ECB fears signal QE cuts

European stock markets closed lower last night (September 10) and were down more than 1% for the week. Because investors are worried about the tightening of monetary policy. After the European Central Bank (ECB) signaled to slow down bond purchases.

The Stoxx Europe 600 Index closed at 466.34, down 1.23, or -0.26%.

The French stock market CAC-40 index closed at 6,663.77, down 20.95, or -0.31%, and the German stock market DAX closed at 15,609.81, down 13.34, or -0.09%, while the FTSE 100 in London closed at 7,029.20, up 4.99. or +0.07%

European stock markets fell. Because investors are still worried about the slowdown of the global economic recovery. amid the COVID-19 epidemic

Britain released data indicating that The economy slowed more than expected in July. due to covid-19 virus Delta species spread rapidly.

European stock markets were also under pressure after the ECB signaled it would lower its emergency bond-buying program in the fourth quarter.

Safe stocks such as healthcare and real estate fell the most this week. While investors expect The economic expansion will improve in the next phase.

But European tech stocks rose 0.7% on the news of President Joe. Biden discussed by phone with President Xi. Jinping hopes to reduce the conflict between the United States and China.

Biontech shares jumped 2.5% after it revealed that The company will apply for approval from regulators around the world to use the COVID-19 vaccine. of the Company in children aged 5 years and over



 

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