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European Stock Market Plunges in the Past Week, Suffers Sharp Decline

European stock

In the Outgoing week, the European stock market displayed a losing performance.

The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a slight drop of 7.44 points to close at 461.61.

The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed significant drops, lost 129 points or finishing the session at 7,627.

In Germany, the DAX 30 index shed 292 points to reach 15,983, while France’s CAC 40 also shed 172 points to stop at 7,319 at the end of the trading day.

Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, was the worse performer of the day, dropping 807 points to 26,713. Also, Spain’s IBEX 35, lost by 68 points, to close at 9,191.

Read More: European Stocks Displayed Varied Performance Over the Past Week

 

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