December 30, 2022

LONDON — European markets are on course for their worst year since 2018 as Russia’s war in Ukraine, high inflation and tightening monetary policy hammered risk assets around the world.

The pan-European Stoxx 600 index started the last trading day of 2022 down more than 12% since the turn of the year, its worst performance since a 13.24% annual decline in 2018. The European blue chip index enjoyed a bumper 2021, jumping 22.25% on the year.

Early trade on Friday saw the U.K.’s FTSE 100 slide 0.35%, the CAC 40 down 0.6% and the German DAX lower by 0.5%. The Stoxx 600 was down 0.4%.

Read more:

https://www.cnbc.com/2022/12/30/european-stocks-set-to-log-worst-year-since-2018.html