European stock exchanges closed mostly in the negative
Most of the European stock indexes on Tuesday ended
the majority of European stock indexes ended Tuesday with a drop. The FTSE 100 and CAC 40 lost 0.4 percent, 0.39 percent.
The majority of European stock indices finished on the downside at the end of the trading on Tuesday.
0.4% and 0.39% respectively.
The negative dynamics were caused by the investors' increased concern over the
The negative dynamics are due to the increased concern of investors about the risk of the third wave of Covid-19 and the news
related to the pandemic. In particular, in Germany the authorities decided to
to prolong the terms of quarantine restrictions till April 18.
The pressure on the indices was also rendered by the oil prices fall, which during the
European trading session reached 4% (after it was over
It increased to 6% after its end). Shares of oil producers BP and Eni declined
By 3.7% and 1.6% respectively.
Dynamics of the European stock exchanges was consonant with the U.S.
trading floors. The last also finished the day in the red, despite the
Optimistic statements of the head of the Fed Jerome Powell,
who promised further support for the economy from the
Central Bank, and Treasury Secretary Janet Yellen, who announced
plans to rapidly develop a new bailout package.