agencies
Saturday, February 25, 2023 08:00 PM
I backed off European stocks At the end of trading, the largest weekly losses were recorded in 2023, with follow-up to economic data and corporate business results.
At the end of the session, the index fell STOXX600 By about 1%, to 457 points, recording weekly losses of 1.4%%.
fell DAX The German rose by 1.7%, recording 15,209 points, while it declined FTSE British by about 0.37% at 7878 points, while it fell CAC French by 1.78% to 7187 points.
Shares of travel companies led the losses of the European Stock Exchange, as they fell by about 3%, while shares of mining companies fell by 2.8%.%.
According to CNBC Arabia, European stocks received a number of economic data throughout the week, most notably the Federal Reserve minutes, in addition to the issuance of a set of corporate business results..
Today’s economic data showed that Germany’s gross domestic product contracted by 0.4% on a quarterly basis in the fourth quarter of 2022, exceeding preliminary estimates that indicated a contraction of 0.2%.
