TELETRADER News
5/19, 5:31 PM (Source: TeleTrader)
more TeleTrader news

European shares drop at close amid inflation woes

Equities on the major stock market indices in Europe ended the session on Thursday with sharp losses as the inflation concerns remained in the spotlight.

The European Central Bank's (ECB) minutes showed that some members saw a need for a more decisive response to rising prices, while both the central lender's officials and Russia reiterated that the continent's energy sector faces significant risks.

The DAX lost 0.9% at the close with Deutsche Post plunging 3.15%. The CAC 40 dropped by 1.26% at the same time as Unibail-Rodamco-Westfield nosedived 11.51%. At the close, the FTSE 100 dove 1.82% with Royal Mail tumbling 12.38%.

The euro and the pound soared 1.21% and 1.29% compared to the dollar at 5:29 pm CET, selling for 1.05895 and 1.24991, respectively.

Baha Breaking News (BBN) / BU