European stock exchanges fell amid inflation statistics

The main European stock indexes finished Tuesday in the red zone, which was contributed by the release of negative statistical data on annual inflation in the euro area. DAX (Germany) lost 1.18%, FTSE 100 (UK) - 0.71%, CAC 40 (France) - 0.81%. The inflation growth rate in November was the highest in the last 30 years and reached 4.9%. This exceeded analysts' forecasts (4.5%). By comparison, it was 4.1% in October. According to the economist of analytical company Oxford Economics Katarina Cohens, voiced in an interview with The Wall Street Journal, such acceleration of inflation may prompt the ECB to reconsider its monetary policy toward tightening and begin to curtail economic stimulus. The indices were also pressured by a worsening coronavirus globally - in particular, the discovery of a new strain of it - and the collapse in oil prices, which reached 7% on Tuesday.