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Recession fears push European equities lower during the week

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The pointer has dropped "Stoke 600" The European Union rose 4.4% during the week, posting its worst weekly performance since mid-June.

A survey showed that the business slowdown through euro zone This month has gotten worse and is likely to enter a recession as consumers hold back spending amid the growing cost of living crisis.

and header Europe in the face of a harsh winter, as uncertainties about energy supply paint a gloomy picture of the recovery in economic activity.

In addition to this, the priority it attaches to it European Central Bank to check inflationBert Cullen, chief eurozone economist at the Bank of England, said: "Which. That. J" An interest rate hike of another 75 basis points in October will be "Certainly" subtracted on the table.

Due to the weak data, the index fell "Stoke 600" By 2.3% in the last trading week on Friday, the leading index in Germany also fell, "Dax" 1.97%, the lowest level since November 2020.

and fell "Stoke 600" So far this year it has risen by 20 percent, further and further away from the record highs reached in January of nearly 20 percent.

With oil prices down 5% on demand concerns, the shares of "baby" And"Total energy" And"Shell" Among the worst performers.

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The pointer has dropped.Stoke 600Europe grew 4.4% during the week, posting its worst weekly performance since mid-June.

A survey showed that the business slowdown through euro zone This month has gotten worse and is likely to enter a recession as consumers hold back spending amid the growing cost of living crisis.

and header Europe in the face of a harsh winter, as uncertainties about energy supply paint a gloomy picture of the recovery in economic activity.

In addition to this, the priority it attaches to it European Central Bank to check inflationBert Cullen, chief euro-zone economist at ING Bank, said another 75bp hike in October would “definitely” be on the table.

Due to the weak data, the “Stoxx 600” index fell 2.3% in the last trade of the week, Friday, and the main index in Germany, “Dax”, fell 1.97%, the lowest level since November 2020.

The Stoxx 600 is down 20% so far this year, further and further away from its January record highs of nearly 20%.

With oil prices down 5% due to demand concerns, BP, Total Energy and Shell were among the worst performers.

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