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12/8/2022, 5:32 PM (Source: TeleTrader)
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Europe closes mostly lower amid inflation uncertainty

Major European stock indexes closed predominantly in the red territory on Thursday following a volatile session amid lingering economic uncertainty.

European Central Bank (ECB) President Christine Lagarde today affirmed that ECB would keep adjusting monetary policy in an effort to prevent "high inflation" from becoming entrenched. The investors compared new remarks with ECB chief economist Philip Lane's statement that more rate increases remain necessary, as next week's interest rate decision looms over the continent.

Frankfurt's DAX was mostly flat, slightly rising by 0.07% as Infineon Tech went up 2.09%. The CAC 40 slipped 0.14%, as Stellantis plunged 2.27%. London's FTSE 100 fell 0.11%, with Frasers Group plummeting 9.55%.

The euro rose 0.36% against the dollar, to change hands for $1.05480 at 5:28 pm CET. The pound sterling concurrently gained 0.09% against the American currency, to sell for $1.22234.

Baha Breaking News (BBN) / MX