European Stocks Decline As UK GDP Grows

London: 16 August 2023 (TraderMade): Stock markets are sensitive to several economic factors. Even the economic data release, such as GDP, inflation rate, interest rates, and similar factors, influence the stocks and indices significantly.

The UK Gross Domestic Product (GDP) was announced recently. It was higher than the experts anticipated earlier. It increased by 0.2% in the second quarter of 2023. This economic data release impacted Forex and Stock markets as well.

Current Status of Popular European Stock Indices

The Financial Times Stock Exchange index (FTSE 100) was 7,699.41 on 31 July. As of 16 August, it is at 7,380.51.

The German Deutscher Aktien Index (DAX) was 16,446.83 on 31 July. As of 16 August, it is at 15,800.86.

The Cotation Assistée en Continu of France (Continuous Assisted Trading- CAC 40) was 7,497.78 on 31 July. As of 16 August, it is 7,276.70.

Similarly, the Índice Bursátil Español (IBEX-35) of Spain was at 9,641.50 on 31 July. As of 16 August, it is at 9,372.50.

These figures indicate a significant decrease in European indices. The increasing UK GDP has been causing a decline in the European stock indices in the last two weeks.

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