The various European stock indices recorded a negative performance at the end of this week’s trading, in light of the strengthening of global market fears about the US Federal Reserve’s continued tightening of monetary policy at a strong pace to control the high inflation rate in the United States, which slowed at a weak pace last January.
Here is a look at the performance of European stock indices:
The Stoxx 600 Index is down 0.2%.
The German index, the DAX, was the worst affected among European stocks by the end of trading, and fell by 0.3%.
The French CAC, the British FTSE 100 and the Italian FTSE MIB all recorded losses of only 0.2%.
The Spanish Ibex index breached the European stocks and settled unchanged at the close.
It should be noted that European stocks rose during Thursday’s trading, supported by hopes for economic recovery with the reopening of the Chinese economy and slowing inflation rates, as the Euro Stoxx 50 index rose by more than 0.6%, to reach the level of 4305 points.
At the same time, the French CAC 40 index rose by 0.9%, recording about 7,369 points, and the German DAX index rose by about 0.5%, to settle at 15,582 points.