European stock markets fell at the close of trading


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European stock markets fell at the close of trading, today, Monday, June 8, 2020 08:44 pm

European stock markets fell at the end of trading on Monday, Amid fears about the Corona epidemic and the ongoing global protests against racism.

Technology stocks fell about 1.6 percent, to be the worst performer on European stock exchanges, while the banking sector rose by almost the same percentage.

The negative performance of shares in the European market, despite the rise in its counterpart in the United States and Asia.

This comes with continued global protests in the United States and around the world in demonstrations against racism and police violence, with 13 days since police killed George Floyd, an unarmed African American citizen, in police custody in Minnesota last month.

On the other hand, a 14-day quarantine will enter into force for any traveler arriving in the UK.

Aviation and tourism chiefs said the move would harm their industries, and some airlines are considering a legal challenge to quarantine measures.

For her part, European Central Bank President Christine Lagarde said that the measures taken by the bank are appropriate to the risks faced by the euro zone economy.

As for the economic data, industrial production in Germany fell by more than analysts’ expectations by about 17.9 percent during the month of April, while investor confidence in the euro-zone economy improved during the current month.

At the close, the Stoxx 600 index fell 0.3 percent to 374.1 points, and the British FTSE index fell 0.2 percent to 6,472.5 points.

While the German index “DAX” fell by 0.2 percent to the level of 12819.5 points, as the French index “CAC” fell 0.4 percent to record 5175.5 points.

By 4:10 p.m. GMT, the euro was steady against the US dollar at $ 1.1294.


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