London-Sana
European shares fell today as major markets declined amid investor fears of tough action from European Central Bank policy makers.
Reuters reported that the European "Stoxx 600" index fell 0.2 percent, as the declines were led by shares of chemical, auto and technology companies, while shares of mining companies rose 0.4 percent, and shares of oil companies fell 0.7 percent.
Gazprom said last Friday that Russia would halt natural gas supplies to Europe for three days at the end of August due to maintenance work.
For his part, Bundesbank President Joachim Nagel told a German newspaper: The European Central Bank must continue to raise interest rates even if a recession is increasingly likely in Germany while inflation will remain uncomfortably high throughout 2023.
More drastic measures are likely to be announced at the European Central Bank's policy committee meeting later this week.
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