Covid in China and harshness of the Fed weigh down European stock markets at the close

Covid in China and harshness of the Fed weigh down European stock markets at the close

(AFP)

The European stock markets ended sharply lower on Monday, showing themselves fearful of the possibility of a massive reconfinement in China but also worried about the firm tone used by the American Central Bank, which must soon raise its key rates.

Paris and London fell by 2.01% and 1.88% respectively, weighed down in particular by luxury and raw materials, when Frankfurt lost 1.54% and Milan 1.53%.

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