PARIS / LONDON (dpa-AFX) – Europe’s stock markets fell on Wednesday. With thin trading in the afternoon, the price losses in the USA also put pressure on the indices in Europe. The EuroStoxx 50 (EURO STOXX 50) closed down 0.63 percent to 3808.82 points. For 2022, the leading eurozone index is currently heading for a loss of more than eleven percent.
The French CAC 40 fell 0.61 percent to 6510.49 points on Wednesday. Things looked better in Great Britain, where the FTSE 100 rose 0.32 percent to 7497.19 points after the holiday break, also thanks to the strength of commodity stocks.
The weakness on the New York Nasdaq stock exchange also weighed on technology stocks in Europe, which had a difficult time in 2022 due to the interest rate hike by the central banks. At the bottom of the EuroStoxx on Wednesday, as on the previous day, were the semiconductor stocks ASML (ASML NV) and Infineon with minus 1.7 and minus 1.5 percent respectively.
The auto sector was also weaker. He is currently under the spell of the USelectric carmanufacturer Tesla, whose shares only temporarily resisted a continuation of their downward slide on Wednesday.
The oil sector turned negative in the afternoon with the weaker US stock markets. The announced restriction of Russian oil exports therefore did not provide any sustained impetus. Russia’s President Wladimir Putin had on Tuesday by decree banned the sale of oil to countries that have decided on a price cap for oil./ajx/he