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European Stocks Maintain Monthly and Quarterly Gains

European stocks closed lower on Wednesday, amid concerns about the rising number of coronavirus cases, especially of the Delta variant, as well as reflation fears.

The STOXX Europe 600 index lost 3.53 points, or 0.77%, and closed at 452.84 points.

This market the biggest daily loss for the pan-European index since Friday, June 18.

Nonetheless, the index registered its fifth monthly gain, adding 1.36%.

On the quarterly level, the index added 23.24 points, or 5.41%, maintaining an upwards trend for the fifth consecutive quarter, in which it extended gains to about 41.5% and broke multiple record highs, overcoming fears about the pandemic amid hopes for recovery.

Meanwhile, the UK’s FTSE100 index finished today down by 50.08 points, or 0.71%, at 7,037.47 points.

The main index of the London Stock Exchange has maintained a positive performance for the fifth month, rising by 0.21% in June, and by 323.84 points, or 4.82%, during the second quarter.

In Germany, the DAX index closed lower by 159.55 points, or 1.02%, at 15,531.04 points.

The benchmark index of Bourse Frankfurt has limited its monthly gain to 0.71% and 3.48% for the quarter.

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