On Thursday, European stock indexes fell sharply after the publication of inflation statistics in the United States. Investors fear that rising consumer prices will lead to an even greater tightening of the Fed's monetary policy. As a result, the German DAX index in Germany fell to 13.479.07, the French CAC 40 – to 6.098.22, and the British FTSE 100 fell today to 7.156.10 points. European market participants continue to digest fresh data on inflation in the United States, where the indicator rose to 8.3% in annual terms in April. Such inflation multiplies new concerns about the extent of economic damage to the American economy, which is the main driver of growth in the world. In addition, the global picture is also aggravated by the military situation in Ukraine, which threatens the whole of Europe with an energy crisis. And also – the ongoing quarantine in China, which makes us doubt the growth potential of the world's second largest economy. Europe can no longer deny the slowdown in economic growth. This morning, preliminary data on UK GDP for the first quarter were published. And although the country's economy grew by 0.8% in the first quarter, growth was weaker than expected, and its monthly value for March actually fell by 0.1%. These weak data on the growth of the UK economy hinted at a slowdown in regional growth.
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