Closing down sharply on European stock markets, Paris and Frankfurt fall to their lowest of the year

European stock markets were taken with risk aversion and ended down sharply on Friday in the face of signs of economic recession in the euro zone and monetary tightening by central banks.

The Paris Stock Exchange fell 2.28% to its lowest closing level in a year and a half, while Frankfurt lost 1.97%, falling to a level not seen since November 2020. London lost 1, 97% after government budget announcements that worry investors and Milan dropped 3.36% before legislative elections.

1. Euronext CAC40

Update 23.09.2022 at 6:00 p.m.