European markets close Tuesday in red

ISTANBUL

Major European markets closed Tuesday with declines amid high inflation figures and possibilities for tightening monetary policies.

The annual inflation in Germany hit the 50-year high – 7.9% – due to increasing fuel and food prices, according to official data released on Tuesday.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, lost 5.2 points, or 1.26%, to end the day at 407.32.

The UK's FTSE 100 index was down 18.35 points, or 0.25%, to end the day at 7,187.46.

Germany's DAX 30 also dropped 122.64%, or 0.91 points, to 13,304.39, while France's CAC 40 decreased 72.48%, or 1.2 points, to 5,949.84.

Italy's FTSE MIB lost 71.15 points, or 0.32%, to stand at 21,846.89.

Spain's IBEX 35 fell by 116.9 points, or 1.43%, to 8,066.40.

ISTANBUL

Major European markets closed Tuesday with declines amid high inflation figures and possibilities for tightening monetary policies.

The annual inflation in Germany hit the 50-year high – 7.9% – due to increasing fuel and food prices, according to official data released on Tuesday.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, lost 5.2 points, or 1.26%, to end the day at 407.32.

The UK's FTSE 100 index was down 18.35 points, or 0.25%, to end the day at 7,187.46.

Germany's DAX 30 also dropped 122.64%, or 0.91 points, to 13,304.39, while France's CAC 40 decreased 72.48%, or 1.2 points, to 5,949.84.

Italy's FTSE MIB lost 71.15 points, or 0.32%, to stand at 21,846.89.

Spain's IBEX 35 fell by 116.9 points, or 1.43%, to 8,066.40.