Virus concerns will bring down European markets on Thursday

Date:

Major Europeans market It fell sharply on Thursday, maintaining a solid deficit throughout the trading day and reducing profits from previous sessions.

Fear around Omicron coronavirus Like warnings about inflation and interest rates from major central banks, the potential for variants and blockades weighed heavily on the market.

On the day, Germany’s DAX fell 209.59 points (1.35%) to close at 15,263.11, London’s FTSE fell 39.47 points (0.55%) to 7,129.21, and France’s CAC 40 closed 86.12 points (1.25%). It fell and ended at 6,795.75.

In Germany, Delivery Hero plunged 7.21 percent, Theland plunged 4.98 percent, Infineon Technologies fell 4.36 percent, Deutsche Post fell 3.12 percent, Deutsche Telekom fell 2.47 percent, and Siemens Energy fell 1.99 percent. Deutsche Boerse fell 1.35 percent, while Volkswagen and Covestro fell. HeidelbergCement rose 0.70% and HeidelbergCement rose 0.60%.

In London, Darktrace plunged 8.98 percent, Scottish Mortgage Investment plunged 4.42 percent, Prudential fell 3.31 percent, Light Move fell 2.31 percent, Royal Dutch Shell rose 1.63 percent, and St. James Place fell 1.23 percent, and Rolls-Royce Holdings and Rentokil both fell 0.55. Percentages, British American Tobacco fell 0.51 percent and Tesco fell 0.11 percent.

In France, Orange fell 3.25 percent, Michelin Societe fell 2.98 percent, Sanofi and Bivendi both fell 1.92 percent, Calfur fell 1.05 percent, Schneider Electric fell 1.00 percent, and Sodexo fell 0.56 percent. However, Saint-Gobain Company fell 0.53 percent and BNP Paribas fell. 0.25%, Societe Generale collected 0.23%, and Crédit Agricole relaxed 0.13%.

In economic news, eurozone producer prices soared in October due to rising energy prices, Eurostat data showed Thursday. The rate of increase in producer prices accelerated more than expected from 16.1% in September to 21.9% in October. The rate was projected to advance to 19 percent. On a monthly basis, producer prices rose 5.4% after rising 2.8% a month ago. The expected rate was 3.5 percent.

Eurozone unemployment fell slightly in October. Economy Data from Eurostat, which continued to grow despite supply bottlenecks, was shown Thursday. The unemployment rate was 7.3%, as expected, down from 7.4% in September. The unemployment rate for the same period last year was 8.4%.

Italy’s unemployment rate rose in October and data from the Statistics Bureau ISTAT showed Thursday. The unemployment rate rose from 9.2% in September to 9.4% in October. Economists expected a rate of 9.1 percent. The unemployment rate for the same month last year was 10.1%.

Contact for comments and feedback: editorial@rttnews.com

Market analysis

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Virus concerns will bring down European markets on Thursday

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The post Virus concerns will bring down European markets on Thursday appeared first on Eminetra.

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