By Anadolu Agency
June 9, 2023 4:29 pmISTANBUL
European stock exchanges closed Friday lower with recession woes.
The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 0.69 point, or 0.15%, to finish at 460.01.
The UK’s FTSE 100 lost 37 points, or 0.49%, to end the session at 7,562. Germany’s DAX 30 shed 40 points, or 0.25%, to 15,949.
France’s CAC 40, meanwhile, decreased nine points, or 0.12%, to close at 7,213.
Italy’s FTSE MIB was the worst performer of the day, plummeting 113 points, or 0.41%, to 27,162.
Spain’s IBEX 35 trimmed 28 points, or 0.31%, to end at 9,309.
The gross domestic product (GDP), seasonally adjusted, decreased by 0.1% in the euro area during the first quarter of 2023, Eurostat, the statistical office of the EU, announced Thursday.
Eurostat said GDP had decreased by 0.1% in the euro area and by 0.2% in the EU in the fourth quarter of 2022.
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