As actions European shares fell on Friday, marking their third straight week of losses, as majors worried about tightening monetary policy. banks this year and weak economic data causing a sharp drop in global stocks.
The pan-European STOXX 600 index closed down 1.84% at 474.44 points, accumulating losses of 1.4% for the week.
the actions of mining had the worst performance of the day, falling 3.3%.
Anglo-Australian mining company Rio Tinto cIt rose 2.2%, the biggest weight in the sector, after Serbia revoked its lithium exploration license due to environmental concerns, undermining the group’s ambition to become Europe’s biggest supplier of the metal.
Investors await the monetary policy meeting of the Federal Reserve next week for details on how the US central bank plans to deal with high inflation.
“There is a lot of speculation — four, five, six highs of fees this year, up 50 basis points in March – which fueled market anxiety,” said Craig Erlam, senior market analyst at OANDA.
In London, the Financial Times index fell 1.20%, to 7,494.13 points.
In Frankfurt, the DAX index fell 1.94% to 15,603.88 points.
In Paris, the CAC-40 index lost 1.75% to 7,068.59 points.
In Milan, the Ftse/Mib index had a devaluation of 1.84%, to 27,061.40 points.
In Madrid, the Ibex-35 index registered a drop of 1.36%, to 8,694.70 points.
In Lisbon, the PSI20 index depreciated by 1.43%, to 5,582.76 points.
Source From: Moneytimes
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