Europe lower at close amid new economic data

Tuesday, 14. June 2022 17:31

European major stock markets closed on Tuesday lower following a session with new economic releases and amid the ongoing concern on world inflation and its global implications.

According to the Centre for European Economic Research (ZEW), the economic sentiment indicator in Germany stood at negative 28 points in June, while the economic sentiment indicator for the euro area improved by 1.5 points. It was also learned during the day that Russian state energy company PJSC Gazprom announced the amount of gas pumped through the Nord Stream had been reduced by 40%, prompting natural gas prices in Europe to over 20%.

The DAX lost 0.91% at the close, with HelloFresh down by 7.92%. The CAC 40 fell 1.20%, while Worldline SA decreased by 7.29%. The FTSE 100 declined 0.25%, as Ocado dropped by 10.84%. The euro was up by 0.12% against the dollar at 5:28 pm CET, selling for $1.04219. In comparison, the pound was down by 0.92% to go for $1.20232 at the same time.

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Author:
Baha Breaking News (BBN) / JG