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European shares fall on growth fears and losses for retail stocks

2022-06-07T19:05:08.528Z


London, SANA- European shares fell today, amid concerns among investors about pressures on economic growth from...


London-Sana

European shares fell today as investors worried about pressures on economic growth from aggressive monetary tightening by major central banks in an attempt to cool inflation.

The European Stoxx 600 index ended the trading session down 0.3 percent, affected by a 0.9 percent drop in the retail stocks index, after the US company Target reduced its quarterly profit margin for the second time in less than a month.

Interest rate-sensitive technology shares fell 1.1 percent.

Data showed that orders from factories in Germany fell more than expected last April, recording the third consecutive decline, driven by weak demand and growing doubts due to the Ukrainian crisis.

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Source: sena

All business articles on 2022-06-07

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