European stocks retreat cautiously on Federal Reserve monetary policy

European shares were slightly lower on Tuesday (6), with retreat in energy and technology roles offsetting gains in consumer staples companies, as investors remained cautious about the prospects of the Federal Reserve maintaining its aggressive stance of increase. of interest.

The STOXX 600 regional index has seen declines in the previous two sessions, as optimism around China loosening its Covid-19 restrictions was overshadowed by concerns over interest rates and the likelihood of a recession.

Hopes of a slowdown in the pace of monetary tightening were dashed on Monday after a report showed an unexpected rebound in US service industry activity in November, which, along with solid labor data last week, provided further evidence of resilience. economical.

Energy stocks led the declines on Tuesday, down nearly 1%, while technology stocks fell 0.3%. However, gains in consumer staples such as Nestle and Unilever helped limit losses in the STOXX 600.

The FTSEurofirst 300 index was down 0.26% to 1,739 points.

  • In LONDON, the Financial Times index fell 0.20% to 7,552 points.
  • In FRANKFURT, the DAX index fell 0.11% to 14,431 points.
  • In PARIS, the CAC-40 index lost 0.22%, at 6,681 points.
  • In MILAN, the Ftse/Mib index lost 0.18% to 24,503 points.
  • In MADRID, the Ibex-35 index registered low of 0.39%, to 8,337 points.
  • In LISBON, the PSI20 index lost 0.10% to 5,859 points.

Source: CNN Brasil

You may also like