European stocks fall as recession fears overshadow China reopening cheer

France Nouvelles Nouvelles

European stocks fall as recession fears overshadow China reopening cheer
France Dernières Nouvelles,France Actualités

European shares fell on Wednesday, as fears about a global recession overshadowed recent optimism about China reopening after months-long lockdowns, with investors looking ahead to a meeting of major central bank heads for clues on policy outlook.

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"The market is still panicking about inflation and growth weakening and as a result of that every bounce is short lived," said Chris Beauchamp, chief market analyst at online trading platform IG.

The STOXX 600 has shed more than 15% this year and set for its worst quarter since the COVID-19 led carnage in 2020, as uncertainty about Russia-Ukraine war, soaring price pressures and central bank policy moves to tame it dampen risk appetite.

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France Dernières Nouvelles, France Actualités



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