Market Updates
European Markets Fall, Third Monthly Increase in German Inflation
Bridgette Randall
14 Jun, 2022
New York City
European markets traded up but near the close the indexes started wavering and closed down.
The DAX index decreased 0.5% to 13,365.90, the CAC-40 index declined 0.6% to 5,985.52, and the FTSE 100 index fell 0.05% to 7,201.04.
Market indexes across Europe opened higher but began to waver after thirty minutes of trading and reached intra-day low by mid-day local times.
Indexes attempted to recover in the next two hours of trading and managed to touch flat-line near 2 p.m. and reversed the course on weak trading activities.
German consumer prices increased 7.9% in May from 7.4% in April, the final data from Destatis showed.
The data were revised from the flash estimate released on May 30.
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