The German DAX index has fallen to a minimum in two years

On Wednesday morning, the main European indices are showing a decline, and the German DAX index fell below 12000 points for the first time since November 2020.

In particular, the British FTSE 100 index fell to 6835.30 points, the French CAC 40 – to 5656.10 points, and the German DAX – to 11924.7 points.

Analysts note that European stock indexes on Wednesday are under pressure from macroeconomic data from Europe's largest economy, Germany. Thus, the consumer confidence index in the country's economy decreased to -42.5 points from a value of -36.8 points a month earlier. Thus, consumer confidence in the German economy has again updated a record low.

In addition, statistics from France also had a negative impact on investor sentiment: the consumer confidence index in this country dropped to 79 points from 82 points in August.

In Britain, there is a record annual food inflation of 10.6%, which also acts as a factor of pressure on the markets.