European stocks decline at the close as economic data is evaluated –

2023-12-04 05:51:12

European stock indices declined at the end of the first session of the week, with an evaluation of economic data indicating that the growth in profits of industrial companies in China slowed significantly during the month of October, which raised concerns regarding the recovery of the second largest economy in the world.

At the end of trading, the European Stoxx 600 index fell by 0.35% to 458.4 points, with the energy, mining and automobile sectors declining.

The British “FTSE 100” index also decreased by 0.35% to 7,460 points, the value of the German “DAX” index decreased by 0.4% at 15,966 points, while the French “CAC” index fell by 0.35% at 7,265 points.

Christine Lagarde, President of the European Central Bank, expected that inflationary pressures in the euro zone would continue to be weak, despite the possibility of headline inflation rising slightly in the coming months, due to fundamental effects, noting that inflation prospects are surrounded by a great deal of uncertainty.

Investors are awaiting the release of money supply and private loan data in the euro zone on Tuesday, to anticipate more regarding the transmission of the impact of monetary policy on the economy, before the announcement of inflation data in the region’s largest economy – Germany – on Wednesday, to build their expectations regarding interest rates. (Agencies)

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