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Home Top News

European stocks slide in disbelief with UK inflation – Money Times

by Lovell Massy
April 14, 2022
in Top News
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The UK has seen the highest inflation in 30 years, with European stocks warning on Wednesday (Image: Reuters / Peter Nichols)

Most of them European stock balls It fell this morning (Wednesday) Wednesday morning with global investors The United States is still digesting record inflation And now consolidating rising prices United Kingdom.

At 8 am, the pan-European Stoxx 600 Index is bringing together the most traded stocks. EuropeLost 0.24% with 455.56 points.

On the sector front, tourism and leisure stocks on the continent fell more than 2%, while European stocks linked to the gas sector rose about 1.3% this morning.

Personally, the negative highlight is the responsibility of the largest British supermarket chain TescoShares of the company fell nearly 4% after predictions that the company’s profits would fall in the face of economic conditions in the UK in 2022.

UK Inflation

Annual inflation in the UK was 7% in March, the highest in 30 years, driven by food prices and energy costs.

British consumer prices rose 1.1% month-on-month, up 0.7% from economists’ expectations, a survey has found. Reuters.

The forecast for inflation for the last 12 months was 6.7%.

European Scholarship (13/04/2022)

See below for the performance of the major European stock markets:

In LondonThe FTSE With a slight increase of 0.1% 14,019.13 Points.

At GermanyCode DAX Fell 0.75% 14,019.13 Points.

At FranceThe CAC Earned 0.24% 6,522.03 Points.

At ItalyThe FTSE MIB And lost 0.24% 24,607.69 Points.

Income Tax: How to declare investment in variable income?

Lovell Massy

“Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate.”

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Lovell Massy

Lovell Massy

"Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate."

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