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Author Topic: European stock market conditions: European stocks closed negative. Worried about  (Read 539 times)

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European stock market conditions: European stocks closed negative. Worried about global economic slowdown - inflation increases

European stocks closed lower last night (Sept. 30) as investors sold stocks amid fears about a slowdown in the global economy and rising inflation. The fall in travel and leisure stocks overshadowed the gains in mining stocks.

The Stoxx Europe 600 Index closed at 454.81, down 0.22, or -0.05%.

The French stock market CAC-40 closed at 6,520.01, down 40.79, or -0.62%, the German stock market DAX closed at 15,260.69, down 104.58, or -0.68%, and the FTSE 100 in London closed at 7,086.42, down 21.74, or -0.31%

European stock markets closed 3.4 percent in September after seven straight months of gains. As the surge in government bond yields led investors to sell high-grossing stocks such as technology stocks. to buy stocks that adjust according to economic conditions such as banks and energy groups

The market is also pressured by the tendency of the Federal Reserve (Fed) to raise interest rates, supply chain problems. and the financial problems of China's Evergrande

Sweden's H&M shares fell 3.4 percent after it said that Supply-side disruption hurt the company's sales in September.

Shares of British online fashion retailer Boohoo fell more than 15% after warning about full-year profits.



 

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