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European Stocks Bear Highest Loss of the Year

M. Ali 11 May, 2021 9:30 pm Global Stock Market, Market Update

European stocks fell on Tuesday, after rising yesterday to a new record high, due to increased selling pressures amid fears of a rise in inflation and concerns about the rising number of coronavirus cases.

The STOXX Europe 600 index plunged by 1.97%, as travel and leisure stocks fell by 5.7%.

The decline marked the biggest loss for the pan-European index since last December.

The French CAC40 index lost 1.86%, while the German DAX declined by 1.82%.

Meanwhile, the UK’s FTSE100 dropped by 2.47%.

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