According to trading data, European stock indexes are declining on Friday after the release of inflation statistics in the eurozone. In particular, the British FTSE 100 index fell by 1.52% to 7,313.42 points, the French CAC 40 – by 1.32% to 6,436.37 points, the German DAX lost 0.9%, falling to 1,3859.65 points. The pressure on the market was exerted by the statistics on inflation in the eurozone released today. According to the final estimate of Eurostat, annual inflation in 19 eurozone countries slowed to 10.1% in November from 10.6% a month earlier. A preliminary estimate showed a slowdown in inflation to 10%. In addition, the results of the meetings of the European Central Bank and the Bank of England continue to influence the dynamics of the stock market. Both regulators yesterday increased their discount rates by 50 basis points: to 2.5% and 3.5% per annum, respectively. At the same time, both the ECB and the Bank of England announced a possible further increase in rates if inflation continues to exceed the target level.
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