European stocks fall on strong dollar, weak German and UK data

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Strong dollar, weak UK consumer sentiment and German producer prices, which saw their highest ever increases in July, weigh on European stocks

German producer prices saw their highest ever increases in July, while UK consumer sentiment is worst since 1974 European stock indexes fell on Friday after German producer prices saw their biggest rise on record, while the dollar hit a one-month high as investors stayed cautious.

In Europe, German producer prices — which are seen as a leading indicator for inflation — saw their highest ever increases in July, data released early in the session showed, as energy costs continued to surge. Energy prices were up 105% compared with July 2021, mainly due to higher prices for natural gas and electricity.

Meanwhile, UK consumer sentiment hit its lowest since at least 1974 in August, with households feeling “a sense of exasperation” about the rising cost of living. The Bank of England has warned that high inflation is likely to tip Britain into a recession later this year.

 

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These are the dustbins of apartheid US gangsterism across the globe. They are paying the price of their moronic slavery for US reckless inhumanity and imperialism. Their population must rise up and overthrow their useless leaders.

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