European stock market conditions: European stocks closed negative. Sales of tech

[Vegeta]

European stock market conditions: European stocks closed negative. Sales of tech stocks weigh on the market

European stocks closed for a third straight day, staying near 11-week lows, pressured by rising signs of inflation, rising bond yields. and financial problems of China China's Evergrande

The Stoxx Europe 600 Index closed at 450.77, down 2.13, or -0.47%.

The French CAC-40 index closed at 6,477.66, down 40.03, or -0.61%, the German stock market DAX closed at 15,036.55, down 119.89, or -0.79%, and the FTSE 100 in London closed at 7,011.01, down 16.06, or. -0.23%

Selling tech stocks also put pressure on the market. After the same group in the US stock market was pressured by rising US bond yields.

Banking and luxury stocks fell on concerns about the global economic slowdown. As China, the world's second-largest economy, faces new COVID-19 containment, a slowdown in the real estate sector has emerged. and strict regulatory controls

Kering stocks and Louis Vuitton stocks The majority of its revenue came from China, down 1.3 percent and 1.4 percent, respectively.

European stock markets were also pressured by the release of survey results indicating that Eurozone Investor Confidence in October dropped to the lowest level since April Due to the stagnation of economic forecasts

But airline stocks rose against the market. Ryanair and British Airways-owned IAG were up 3% and 0.1%, respectively, following reports. within this week Britain will be open to more travelers from other countries without quarantine