Major stock markets across the European continent posted losses at the start of 2022's last session, amid growing concerns the ongoing COVID-19 outbreak in China could threaten the rest of the globe once again.
The previous year was marked by monetary policy tightening from all central banks in the western world, which came in response to record inflation and the newly emerging recession risks that are expected to extend into the next year. Meanwhile, there were no hints the war between Ukraine and Russia will end in the near future, with the relations further deteriorating following yesterday's massive missile attack.
The DAX declined 0.53% at the opening bell, while the FTSE 100 lost 0.37%, and the CAC 40 decreased by 0.67%. The European Stoxx 50 index dropped 0.65% at the same time.
