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European indicators are declining under the influence of inflation


European indicators showed a decline at the close of trading on Thursday. Thus, the consolidated indicator of the STOXX 600 region fell by 0.5%, the German DAX fell by 0.18%, the French CAC 40 - by 0.21%, the UK FTSE 100 indicator - by 0.48%.

Market participants continue to worry about high rates of inflation and low rates of economic growth. Inflation in European countries reached 4.1% in the previous month, thus exceeding ECB expectations twice.

Falling oil prices also harmed investor sentiment. Thus, the price of Brent crude oil decreased by 2.6%, and WTI - by 3%.

The pressure on the German indicator was exerted by negative financial reporting results. Thus, although ThyssenKrupp's losses amounted to 116 million euros, its revenue increased by 19% in the fourth quarter. The value of ThyssenKrupp securities rose by 6.3%.

The revenue of the British company Rotork has declined over the past four months due to supply disruptions, which led to a fall in the price of the company's securities by 7.2%.

Another company from the UK, Royal Mail, on the contrary, showed good financial results for the first half of the year and began a share repurchase program for 400 million pounds. This contributed to an increase in the value of the company's securities by 9.8%.

The material has been provided by InstaForex Company -