European Stock Markets Fall for the Fifth Day in a Row to a Three-Month Low

European stocks ended lower on Monday (June 13) to a three-month low as rising inflation in the United States raised fears the Federal Reserve will raise interest rates sharply.

The Stoxx Europe 600 Index closed at 412.52, down 10.19, or -2.41%, its lowest close since March 7.
The French stock market CAC-40 index closed at 6,022.32, down 164.91, or -2.67%.
The German stock market DAX index closed at 13,427.03, down 334.80, or -2.43%.
The FTSE 100 London Stock Exchange closed at 7,205.81, down 111.71, or -1.53.

European stock markets have fallen for the fifth day in a row on fears about rising inflation and a slowdown in the economy.

The trading atmosphere is sluggish and the US stock market fell heavily on Friday. The consumer price index (CPI) rose 8.6% in May, its biggest increase since 1981, raising fears the Fed will raise interest rates by 0.75% at its meeting this week.

Eurozone banking shares fell 3.1% on disappointment that the European Central Bank (ECB) had not released any tools to support European bonds at its meeting last week.

BNP Paribas, Societe General and Credit Agricole fell 4-4.7%.

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