2024-04-09 20:11:35
European markets closed lower on Tuesday amid anticipation of more major economic data this week, including US inflation data.
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European markets close lower as investors await more major economic data this week (archives – agencies)
European markets closed lower, Tuesday, as investors awaited more major economic data this week, including US inflation data, which is supposed to be released on Wednesday.
The European Stoxx 600 index closed with a decline of 0.61%, coinciding with the decline of the majority of sectors in negative territory, following achieving strong gains on Monday.
Likewise, the shares of the troubled French company “Atos”, a technology consulting company, fell by 14%, following it put in place a “debt plan.”
This plan aims to reduce the company’s debts by 2.4 billion euros, by 2026, so that it wants to extend the maturity dates of its remaining debts for a period of 5 years.
It is noteworthy that the company “Atos” manages data and cybersecurity for the state’s nuclear industries in France, and the upcoming Olympic Games in the capital, Paris, this summer.
The French “CAC” index closed with losses of approximately 0.86%, the German “DAX” index decreased by approximately 1.32%, and the British “FTSE” index decreased by approximately 0.11%.
Insurance stocks led losses in Europe, falling 1.4%, while mining stocks rose 1.3%.
As for British Petroleum shares, they rose to their highest levels since last October, following the major British oil company said that it expects oil and gas production to increase in the first quarter of this year.
Also in the United States, US stocks fell on Tuesday, while Asia-Pacific markets were mixed overnight, as investors awaited consumer confidence data from Japan.
Read also: European stocks fall to the lowest level in two weeks
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