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European stocks close lower this Thursday

European stocks close lower this Thursday

European stocks close lower this Thursday

The main stock markets in Europe closed with slight losses in a context that specialists have considered cautious, given the interest rate rise by the United States Federal Reserve (Fed).

The Frankfurt selective closed this Thursday with a drop of 0.04%, after a negotiation of fluctuations. The index DAX 40 it lost 0.04% to 15,210.39 points, while the technological TecDAX gained 1.40% to 3,273.16 points.

The Spanish stock market fell 0.44% this Thursday, the same as the day before, and lost 9,000 points. Its main index, the IBEX 35, subtracted 39.3 points, the 0.44% mentioned, up to 8,970 points. The banks led the losses of the IBEX: Caixabank (-3.49%); Banco Sabadell (-3.35%); Bankinter (-2.94%); BBVA (-2.61%); Unicaja (-2.25%) and Banco Santander (-1.89%).

In London, the main index the FTSE 100, lost 67.24 points (0.89%) to 7,499.60 integers, while the secondary, the FTSE-250, fell 0.15% to 18,729.96 units. The Bank of England announced this Thursday an increase in interest rates of a quarter of a percentage point, to 4.25%, the eleventh consecutive increase, in order to control the rise in inflation, which stands at 10, 4 %.

On the London stock market, British American Tobacco topped the loss chart, which fell by 5.54%; followed by the fund management firm Schroders, 3.88%; and the banks Standard Chartered and HSBC, which fell, respectively, by 3.01 and 2.90%.

The Milan Stock Exchange also closed lower today and its selective index FTSE MIB it fell 0.15%, to 26,482.21 points.

Also today, the shares of banks UBS and Credit Suisse, at the center of the banking storm that Switzerland has experienced in the last week, closed with losses of 4.33% and 3.61%, respectively.

However, in Paris, after a day marked by losses, the positive opening of Wall Street reversed the trend and boosted the selective French CAC-40which ended up scoring 0.11% and signing a third consecutive day in green.

Source: Elcomercio

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