The main European indices closed lower today, amid selling pressures that affected the course of trading, despite attempts by the indices to reduce their losses after the sharp decline witnessed during today's trading. This performance came amidst investors' fears of the continued tight monetary policies pursued by the European Central Bank, along with growing concerns about the economic growth prospects in the region.
The German DAX index fell by 0.73%, ending the session at 22,375.09 points, after previously losing over 400 points before recovering some of these losses.
In the London Stock Exchange, the FTSE 100 index closed down by 0.30% at 8,608.49 points, after recording sharper losses earlier in the day, as it declined by about 86 points. Meanwhile, the Spanish IBEX 35 index ended the trading session down by 0.40% at 13,350.20 points, after dropping more than 61 points during the session.
Additionally, the Italian FTSE MIB index recorded a decrease of 0.27% to reach 38,454.19 points, after losing more than 500 points at its lowest levels during the day. The French CAC 40 index also fell by 0.22% to reach 7,858.84 points, although its decline during the session exceeded 83 points before recovering somewhat.
These declines came amidst mixed economic data that increased uncertainty in the markets, as investors await any new signals from the European Central Bank regarding its future direction concerning interest rates. Moreover, volatility in energy and commodity markets cast a shadow over investor sentiment, especially amid ongoing geopolitical tensions affecting the stability of financial markets.
