[Europe Open] Growing Inflation Concerns... Decline in the 1% Range
[Asia Economy Reporter Cha Min-young] Major European stock markets are declining in early trading due to inflation concerns caused by a sharp rise in oil prices.
As of 4:37 PM on the 6th (Korea time), the Euro Stoxx 50 index is trading at 3991.45, down 1.82% from the previous trading day.
The UK FTSE 100 index is trading at 6988.90, down 1.25% from the previous close, while the French CAC 40 index is down 1.71% at 6464.07, and the German DAX index is down 1.73% at 14,931.75.
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European stock markets fell more than 1% amid rising inflation concerns due to the surge in oil prices, as funds moved out of high-growth technology stocks into bank stocks.
This content was produced with the assistance of AI translation services.
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