European Stocks Decline, Affected by Losses in Real Estate, Technology Companies

Market


European stocks closed lower at the end of Wednesday’s trading, affected by losses in real estate and technology companies.

The European stoxx600 index ended trading down by about 0.2 percent, with the real estate sector index falling by 1.2 percent and the technology stock index falling by 1.1 percent.

The French CAC 40 index also closed down by about 0.8 percent at the close of trading.

On the other hand, the raw materials stock index achieved the best performance among European stock sectors after rising by 0.6 percent thanks to the recovery in metal prices.

The British Financial Times 100 index also recovered from its losses earlier in the trading session, closing with an increase of about 0.2 percent.

European stocks witnessed sharp losses last week after French President Emmanuel Macron called for early legislative elections.

Source: Qatar News Agency