© Archyde.com. European stocks fall as global stock markets decline
European shares fell at the beginning of Friday’s trading, led by the retail sector, which fell 1.3%, and with global stock markets falling due to statements by a number of Federal Reserve officials regarding the possibility of raising the interest rate at a sooner than expected date.
Investors are also following the latest developments regarding the Russia-Ukraine conflict, and according to Agence France-Presse, Democratic members of the US Senate on Wednesday proposed a law that would impose sanctions on Russian President “Vladimir Putin” and provide financial aid to Kiev if Russia invaded Ukraine.
With regard to economic data, the National Statistics Authority data revealed that Britain’s economy recovered to pre-pandemic levels during November, as gross domestic product rose 0.9%, which exceeds pre-pandemic levels (February 2020) by 0.7%.
In terms of trading, the “” index fell by 0.83% at 482 points at exactly 11:05 am Mecca time, and the French “CAC” decreased by 0.65% to record 7,154 points.
The German “”” decreased by 0.75% at 15,911 points, while the British “FTSE” fell 0.39% to 7,534 points.
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