EUROPE Stocks decline in subdued trade

25 Nov 2022 , 03:47 PM

European stock markets were subdued on Friday, 25 November 2022, as Thanksgiving holiday in the U.S. and relatively mixed trades on Asian bourses amid lingering concerns over Covid-19 cases surge in China, worries of a sharply slowing global economy and sky-high recession. At 10:10 GMT, the pan European Stoxx 600 index fell 0.2% to 439.90. The U.K.s FTSE 100 index added 0.0164% to 7,478.81. Frances CAC 40 index fell 0.2% to 6,693.53. Germanys DAX index dropped 0.2% to 14,505.87. Switzerlands Swiss Market index declined 0.1% to 11,144.64. Retail stocks were mixed, amid concerns over gloomy sales during Black Friday amidst backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup this year. Powered by Capital Market – Live News