European markets settle lower as inflation increases to 3.2 …
(MENAFN) On Friday, Sep. 17 European stock markets settled lower, ruling out Spain, as consumer prices in the EU surged to 3.2 percent last month, a rise from 2.5 percent in July, and much higher than the European Central Bank’s 2 percent goal.
The STOXX Europe 600, which comprises of about 90 percent of the market capitalization of the European market in 17 nations, decreased 4.11 points, or 0.88 percent, settling at 461.84. It declined 0.96 percent in the current week.
London’s FTSE 100 plunged 63 points, or 0.91 percent, reaching 6,963, whereas the German DAX 30 was the worst performer of the day after decreasing 161 points, or 1.03 percent, to stand at 15,490. They fell 0.93 percent and 0.76 percent, each, for the week.
The French CAC 40 declined 52 points, or 0.79 percent, to conclude the day at 6,570 points. It fell 1.4 percent in the present week.
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