European stock indexes ended trading on Tuesday with a decline

Live: European stock indices closed trading on Tuesday in decline, with the International Monetary Fund warning of a slowdown in the German economy.

The Stoxx 600 index ended trading down 0.5% at 517.9 points.

France’s CAC 40 index fell slightly by 0.7%, losing around 50 points, at 7,507 points.

The German DAX index closed down 0.2%, losing 48 points, and registering a level of 19,483 points.

Britain’s FTSE 100 index fell 0.8%, with a loss of 66 points, at 8,219 points.

The head of the European International Monetary Fund, Alfred Kammer, said that Germany needs structural reforms and more investment in public infrastructure to overcome the economic recession.

Alfred Kammer continued today: “Without efficient infrastructure, there cannot be a productive economy,” according to what Reuters quoted from an interview with a Fund official by a local German newspaper.

The head of the European International Monetary Fund said that it is also advisable to review the current credit rules to move more money.

“We have already calculated this at the IMF for some time: the debt brake can be reduced – and the government debt ratio will continue to fall,” said the head of the IMF for Europe.

German Finance Minister Christian Lindner wanted to stick to the debt ceiling, which limits the budget deficit to 0.35% of GDP, despite expectations that the economy will enter its second year of recession and expectations to grow more slowly.

For trading and investing in Gulf stock exchanges Click here

Follow the latest stock and economic news through our Telegram channel

Nominations..

HSBC buys back $3 billion worth of shares after record profits