Europe closes in the red amid US sell-off

Tuesday, 28. September 2021 17:31

Shares on the major stock market indexes in Europe ended the session with sharp losses on Tuesday, with the sentiment among traders seemingly impacted by the United States sell-off prompted by rising US bond yields.

European Central Bank (ECB) President Christine Lagarde stated that the COVID-19 crisis could impact inflationary trends in the "years to come," but warned that overreacting to transitory supply shocks would be counterproductive in terms of economic recovery.

The DAX tumbled 2.09% points, or 325 points, at the close, with Infineon nosediving 5.89%. The CAC 40 dropped 2.17% at the same time with Capgemini down by 5.73%. As the session ended, the FTSE 100 lost 0.5%, as Aveva declined by 5.74%. The euro slid by 0.14% compared to the dollar at 5:32 pm CET, selling for 1.16798, while the pound plunged 1.16% at the same time, reaching a nine-month low and going for 1.35407.

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