Third day of losses for the European markets

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European markets closed lower on Tuesday, marking three consecutive downtrends as heavy losses on Wall Street – with the tech Nasdaq losing more than 2% shortly after trading – hit the climate.

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Although it was found to be gaining 1% in the highs of the day, the pan-European STOXX 600 index finally closed with losses of 0.9% at 441.10 points, with the technology sector falling 2.2% to a six-week low, as well as the banks. to lose 2.15%.

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Earlier, the encouraging results of European giants such as the Swiss bank UBS and the shipping giant Maersk gave a boost to the climate.

However, growing concerns about economic growth in China amid massive lockdowns and in the US, in view of the Federal Reserve’s aggressive monetary tightening in the coming months, have forced European indices to lose ground.

In the individual European charts, the German DAX lost 1.2% at 13,756.40 points, the French CAC 40 fell 0.5% to 6,414.57 points, while the British FTSE 100 closed with small gains of 0.1% at 7,386, 19 units.

The picture is similar in the markets of the region, with the Italian FTSE MIB losing 0.95% and the Spanish IBEX 35 falling 1.6%.

Source: Capital

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