Europe turns red on rising August inflation

Friday, 17. September 2021 12:44

Major stock markets across Europe turned to losses on Friday following the Eurostat report on the state of consumer prices during August, which revealed the euro area's inflation jumped to 3%.

Commenting on the data, European Central Bank member Martins Kazaks insisted there's no reason to expect prices will remain permanently elevated.

The DAX lost 0.34% at 12:43 pm CET, while the FTSE 100 declined by 0.29% and the CAC 40 fell 0.33%. The euro gained 0.14% against the dollar to sell for 1.17815 a minute later, while the pound stood flat at $1.37920.

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Breaking the News / ND