European Stock

European Stocks Subdued as Inflation Jitters Persisted

On Wednesday, most European stocks extended their plunge as concerns about inflation climbed amid the soaring energy prices. 

Subsequently, the benchmark pan-European STOXX 600 lost 0.02% or 0.09 points to $457.12 per share. The index is trailing to a 4.00% drop from its August peak. 

Its worst performer, the online food delivery service firm Just Eat Takeaway sharply dropped 4.32% or 3.25 points to $71.84 per share. 

Consequently, publishing company Informa PLC curtailed 3.70% or 28.08 to $751.11 per share.

Conversely, the EURO STOXX 50 index slightly improved 0.13% or 5.37 points to $4,060.46 per share. 

Remarkably, German business software group SAP SE jumped 4.62% or 6.24 points to $141.28 per share. 

The upward move came after the business elevated its full-year outlook, reflecting a sturdy quarter as more customers shifted their IT operations to the cloud.

Moreover, German shares modestly posted gains on European stocks. 

The DAX 40 index rose 0.32% or 48.11 points to $15,194.98 per share. 

It is the same with the MDAX Performance index as it soared 0.34% or 114.44 points to $33,739.11 per share. 

On the London Stock Exchange, the FTSE All-Share index tumbled 0.12% or 4.81 points to $4,054.73 per share. 

Accordingly, RHI Magnesita NV, a supplier of refractory products, reduced 7.24% or 3.01 points to $38.62 per share. 

Likewise, the British-Swedish pharmaceutical firm sank 1.73% or 2.02 points to $114.52 per share. 

Additionally, the FTSE 100 index dwindled by 0.21% or 14.88 points to $7,115.35 per share. 

World Market Fell as European Stocks Subdued 

On Wall Street, the Nasdaq Composite index dropped 0.14% or 20.28 points to $14,465.93 per share. 

Correspondingly, the Dow Jones Industrial Average index sank 0.34% or 117.72 points to $34,378.34 per share. 

Then, the benchmark S&P 500 minimized 0.24% or 10.54 points to $4,350.65 per share. 

Moreover, shares in the Asia-Pacific region dipped as European stocks mostly fell. 

In Japan, the Nikkei 225 index narrowed by 0.32% or 90.33 points to $28,140.28 per share. 

Consequently, the TOPIX index slashed 0.45% or 8.85 points to $1,973.83 per share. 

Inversely, China’s Shanghai Composite index widened by 0.42% or 14.83 points to $3,561.76 per share. 

Also, the benchmark Shenzhen edged up 1.54% or 217.70 points to $14,353.08 per share. 

Elsewhere, Australia’s S&P/ASX 200 index pared 0.11% or 8.20 points to $7,272.50 per share.

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