Business

European stock indexes win back data on the decline in eurozone GDP

European stock indexes win back data on the decline in eurozone GDP

Trading on European stock markets began with a decline in indices. By 10.00, the FTSE 100 index had fallen to 6961.26 points or 1.05%. The CAC 40 index fell to 6,287. 96 points, or 1.04%. The DAX fell to 15,198. 7 points, or 1.21%. Investors continue to evaluate the statistics on the GDP of the eurozone in the first quarter.

Earlier, Eurostat reported an annualized decline of 1.8%. Compared to the previous quarter, the European declined by 0.6%.

Experts note that the mood of stock market participants is influenced by multidirectional factors.

On the one hand, trade growth supports optimism. On the other hand, there are concerns about the deterioration of the epidemiological situation in European countries according to the Indian scenario.

In addition, investors are concerned about the possible increase in inflation in the eurozone countries. According to the analyst’s forecast, in April it probably rose to 1.7% from the March level of 1.3%. Eurostat’s inflation data will be released later on Wednesday.



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