European Markets Experience a Downturn

On a day marked by political change, major European stock markets closed lower this Tuesday. The financial landscape showed signs of strain as key indexes across the continent faced declines.

Indexes and Stocks Hit by the Downturn

The DAX saw a drop of 0.18%, while the Euro Stoxx 50 wasn't far behind, losing 0.45% by 9:00 am CET. Infineon emerged as a significant drag on both indexes, with its shares plummeting by 5.60%. Across the channel, the FTSE 100 declined by 0.11%, influenced by a 5.50% dip in Legal & General Group shares. Not to be left out, the CAC 40 fell by 0.23%, with Thales experiencing a sharp 5.13% drop.

Currency Movements Amid Market Fluctuations

In the currency markets, the euro gained 0.32% against the dollar, trading at $1.13519 by 8:58 am CET. Similarly, the pound saw a 0.16% increase against the greenback, selling for $1.32745 at the same time.