Posted on September 6, 2022 The week begins with the main European stock markets closing lower after Russia announced the closure of the Nord Stream 1 gas pipeline to Europe. The Euro Stoxx closed with a drop of 1.53% to 3,490 points while the Ibex 35 left 0.88% to 7,862 points. Fears of energy prices and a possible recession caused widespread falls in stock markets that closed far from lows after a rally towards the end of the session. The auto sector led the losses while oil and gas stocks were the biggest gainers. In the Euro Stoxx, Total Energies (+3.14%), Philips (+2.89%) and Eni (+1.69%) closed at the top, while on the opposite side we find Mercedes (-6.84 %), Stellantis (-4.79%) and BASF (-4.01%). The Ibex 35 was dragged down by the decline in sectors such as consumer goods, consumer services and financial services. The best value of the session was Repsol with an increase of 2.28% followed by Iberdrola and Amadeus with increases of 0.47% and 0.31% respectively. Arcelormittal finished in the queue, which fell by 3.10%, IAG (-2.99%) and Meliá (-2.69%). INFORMATIONTitleWidespread falls in the stock markets in the face of the energy crisisDescriptionThe week begins with the main European stock markets closing lower after Russia announced the closure of the Nord Stream 1 gas pipeline to Europe. The Euro Stoxx closed with a drop of 1.53% to 3,490 points while the Ibex 35 left 0.88% to 7,862 points. Author GLOBALCAJA
Widespread falls in the stock markets in the face of the energy crisis
