European shares show declines on Wednesday’s session end
Date
7/25/2024 9:14:23 AM
(MENAFN) On Wednesday, European stock exchanges ended the trading session with notable losses. The STOXX Europe 600, a broad index representing about 90 percent of the market capitalization across 17 European countries, experienced a decline of 3.17 points, or 0.61 percent, bringing its final value to 512.30. This drop reflects a general downturn in European equities, influenced by a variety of economic and market factors.
In the UK, the FTSE 100 saw a modest decline, falling by 13 points, or 0.17 percent, to close at 8,153. This decrease came amid a mixed performance of the UK's leading stocks, contributing to the overall negative sentiment in European markets. Meanwhile, Germany's DAX, a key indicator of the German economy, was down by 170 points, or 0.92 percent, ending the day at 18,387, underscoring the broader European market weakness.
France's CAC 40 was the weakest performer among major European indices, experiencing a significant drop of nearly 85 points, or 1.12 percent, to conclude the session at 7,513. This sharp decline highlights the particular challenges facing French stocks, which underperformed compared to their European counterparts. Italy's FTSE MIB also recorded a decline, falling by 166 points, or 0.48 percent, to finish the day at 34,471, reflecting a broader trend of losses across European markets.
Spain's IBEX 35 exhibited a smaller decrease, with a decline of 2.6 points, or 0.02 percent, closing nearly unchanged at 11,210. Despite the slight reduction, the index's near-flat performance contrasts with the more pronounced losses observed in other major European stock exchanges. Overall, the day's trading results illustrate a pervasive downward trend across Europe’s major financial markets.
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