European stock market closed lower today, while shares of energy companies increased by 2.0% due to a jump in oil prices.
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Energy stocks rose 2.0% due to a jump in oil prices.
European shares closed lower on Wednesday, following rebounding from one-month highs hit earlier in the session on inflation fears and profit-taking.
The European Stoxx 600 index ended the trading session down 1%, ending five consecutive sessions of gains. The financial sector stocks were the top losers, with the banks index falling 2.1%.
However, energy stocks rose 2.0% due to a jump in oil prices.
Among the major stock exchanges in Europe, the German DAX index closed down 1.3%, while the French CAC index fell 1.2%, and the Spanish Ibex index fell 1.9%.
It is indicated that Inflation rates have risen worldwide As a result of spending pressures and accelerated growth following the bypassing of epidemic restrictions that lasted nearly two years.
