as Major exchanges in Europe Tuesday’s (12th) trading session closed lower amid concerns over the resumption of economic growth and also amid uncertainty over monetary tightening.
pan-European index Stokes 600 It ended the day down 0.07% to 457.20 points. actually London While it lost 0.23% to 7130.40 points Frankfurt It fell 0.34% to 15,146.87 points Paris It fell 0.34% to 6,548.11 points. MilanHowever, it closed up 0.23% at 25,990.02 points as well mothersWhich rose by 0.41% to 8935.90 points.
Concern about the economic recovery remains on investors’ radar. Economic data helps support fear: The ZEW institute showed today that the economic outlook index in Germany, the region’s strongest economy, fell for the fifth time in a row, reaching 22.3 in October from 26.5 in September.
The economic outlook for the German economy has clearly deteriorated. The renewed decline in ZEW’s economic outlook is mainly due to continued bottlenecks in the supply of raw materials and intermediate products, said Achim Wambach, president of the ZEW Institute.
The day was also marked by employment data from the UK. The UK unemployment rate fell to 4.5% in the three months to August from 4.6% in the May-July period, according to data released Tuesday by the Office for National Statistics (ONS, its English acronym). The number of job vacancies in the July-September period broke a record 1.102 million. The numbers not only indicate an improvement, but also the possibility of monetary tightening.
“If markets are right, we may be just weeks away from the first rate hike from the Bank of England,” ING wrote in a statement on Tuesday. “This is undoubtedly bold, but on the face of it, there is little in the latest UK jobs report that raises new doubts in the minds of investors.”
In this scenario, the financial sector advanced by 0.22%, while the technology sector declined by 0.32%. Today is also marked by volatility in oil prices, which indicates a decline after a long rally in recent sessions. Recently, Brent crude futures, the global benchmark, fell 0.39% to $83.31 a barrel. Thus the energy sector in Europe ended slightly down 0.07% on the session.
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