On Monday, the main stock indexes of Western Europe ended trading with a significant drop amid a global sell-off of risky assets. The reason was fears of a recession in the United States and other regions of the world due to high interest rates. The pan-European Stoxx Europe 600 index fell 2.17% to 487.05 points. The British FTSE 100 fell by 2.04%, the German DAX – by 1.82%, the French CAC 40 – by 1.42%, the Italian FTSE MIB – by 2.27%, the Spanish IBEX 35 – by 2.34%. The eurozone composite PMI index fell to a five-month low of 50.2 points in July. In France, the composite PMI rose to 49.1 points, and in Germany it fell to 49.1 points. The shares of Aurubis AG (-11.9%) became the leader of the fall among the components of the Stoxx Europe 600. Shares of banks, oil and gas companies, automakers and representatives of the luxury goods sector also showed a significant decrease. Societe Generale's capitalization decreased by 1.7%. BNP Paribas shares fell by 1.8%, Deutsche Bank – by 2.6%, UniCredit – by 2.5%. The quotes of BP Plc, TotalEnergies, Equinor and Shell decreased by 3.1%, 2.7%, 2.8% and 3%, respectively. Shares of automakers also fell: BMW by 2.7%, Volkswagen by 2.5%, Renault by 3.8%. LVMH securities fell by 1%, Kering – by 2.6%.
QUICK LINKS
Contactez-nous 
