European stocks fell for the first time in five days at the end of the session on Wednesday after negative economic data in the eurozone and the UK. And the gross domestic product in the euro area grew by 0.6% in the second quarter of this year, which was less than the expected 0.7%.
In the UK, the consumer price index rose 10.1% year-on-year in July, driven by higher food and energy prices, which coincided with a 7.8% year-on-year rise in house prices in June. Among individual stocks, German energy company Uniper’s share fell by about 12%, recording the largest decline in the Stoxx 600 index, as did oil producer Oron’s share by about 10%. , while the share of Fauresia fell by 8.4%.
The European Stoxx 600 index fell 0.9% or 4 points to 439 points, while the UK FTSE 100 fell 0.3% (-20 points) to 7515 points. The German DAX fell 2.04% (-283 points) to 13,626 thousand points, while the French CAC fell 1% (-64 points) to 6528 points.
Source: El Iktisad
