"European Stocks" German and French stock indices weakened after inflation data; UK bank stocks dragged down by tax concerns

AASTOCKS
2025.08.29 15:12

Investor attention has shifted to inflation data from the EU and the US, as well as concerns about potential bank taxes in the UK, leading to a decline in European stock markets on Friday, with the pan-European Stoxx 600 index falling by 0.4%.

France's consumer price inflation rate for August decreased from 0.9% in July to 0.8%, slightly below expectations, with the French CAC 40 index dropping by 36 points or 0.5%, closing at 7,725 points.

Germany's inflation rate for August surged from 1.8% in July to 2.1%. The German DAX index fell by 83 points or 0.4%, closing at 23,956 points.

Concerns over potential bank taxes in the UK led to a decline in bank stocks, with Barclays falling by 2%, and the UK FTSE 100 index dropping by 10 points or 0.1%, closing at 9,206 points

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