European stock markets close lower

2023-08-11 17:05:00

European stock markets ended the week sharply lower on Friday, dragged down by the publication of the US producer price index for July, which was slightly higher than analysts expected, according to AFP.

The reaction of the stock exchangesPhoto: 8vfand, Dreamstime.com

Paris closed down by 1.26%, London by 1.24% and Frankfurt by 1.03%.

Over the course of the week, only Paris posted a slightly positive weekly result (+0.34%), mainly due to the strong performance of the luxury goods sector on Thursday. (8vfand, Dreamstime.com)

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