The main europe stock exchanges They closed a day of considerable falls at the beginning of the week. The stock markets of the old continent fell due to the fact that investors were concerned about the effect that the confinements in China will have on the growth of its economy.
Losses were led by the index ACC 40 of the Paris Stock Exchange, which yielded -2.01%, followed by the FTSE100 of the London square, which yielded -1.88 percent. The German DAXof the Frankfurt Stock Exchange, lost -1.54%, while the FTSE MIBfrom Milan, fell -1.53%, and the IBEX 35from Madrid, Spain, fell -0.90 percent.
The Large Cap Index Euro Stoxx 50, which measures the behavior of the 50 largest issuers in the euro zone, moved -2.15%, with losses for 42 of its components. The falls were led by Philips, with -11.25%; the Italian Eni, with -4.79%; Kering, from France, with -4.35%, and ASML, with -4.11 percent.
The Chinese government has implemented a zero Covid policy, given recent spikes in infection numbers. Investors fear that the lockdowns in some major cities will affect the growth of the Chinese economy and the global economy, through supply chains.