I continued European stocks Trading dips on Thursday amid spot transactions over the holiday period as markets near the end of a difficult year in which they have been impacted by geopolitical tensions and growing fears of an economic slowdown amid central bank decisions to raise interest rates by large rates.
Markets around the world are worried about Beijing’s move to further ease Covid restrictions after a surge in cases in China undermined hopes of a rapid improvement in the world’s second-largest economy.
warehouse movements
cursor regressionStokes 600″ of the European Union by 0.4% and in the current year the index recorded a drop of 12.8%.
The performance of luxury goods companies with exposure to China such as LVMH and Richemont overshadowed the European index in the early stages of trading.
Energy stocks fell 0.6% and mining companies 0.3%, following commodity prices.
Shares of consumer staples companies such as “Nestlé” and “L’Oreal” fell by 1.2% and 0.5%, respectively.
Novartis fell 0.5% after the Swiss drugmaker announced it would pay $245 million to settle a civil suit accusing the company of trying to delay the launch of generic blood pressure treatment Exforge in the US .
European stocks fell Wednesday, dragged down by a decline in energy stocks, while the FTSE 100 outperformed its peers after a long Christmas weekend as investors weighed Beijing’s steps towards a pullback. to open Its economy affected by the Covid pandemic.
The index has decreased Stokes 600 The European index rose 0.1%, while the “Financial Times 100” index rose 0.3%, as shares of mining companies and companies with exposure to China rose.
