European stocks fell at the close of the session due to International Monetary Fund expectations.
European stock indices recorded a strong decline at the close of trading on Tuesday, affected by the International Monetary Fund's downgrade of economic growth forecasts for the Eurozone to 0.8% and 1.2% for 2024 and 2025, respectively.
This was in contrast to the Fund's previous forecasts of around 0.9% and 1.5% growth, respectively. Additionally, the IMF downgraded Germany's economic performance this year, which increased pressure on European stock markets today.
Here’s a look at the performance of European stocks as the session came to a close today:
- The German DAX index rose by 0.20% to 19,421.91 points.
- The French CAC 40 index remained stable at 7,535.10 points.
- The British FTSE 100 index increased to 8,306.54 points, marking a rise of 0.14%.
- The Italian FTSE MIB index recorded 34,733.52 points, representing a decline of 0.64%.