Business is booming.

European stock markets open lower

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In the UK, the FTSE 100 index decreased by 0.8 percent to 7.378 points, the CAC 40 index decreased by 1.2 percent to 6.275 points in France, the MIB 30 index in Italy was 23,902 points with a loss of 0.8 percent, and the IBEX 35 index in Spain was 8 percent. It stands at 8.396, down 1.1 percent.

Euro/dollar parity is trading sideways at 1.0470 with the prestige of 10.20.

While inflation in the UK reached 9 percent in April, the highest level in the last 40 years, annual inflation in the Euro Zone, which was 7.4 percent in March, remained at the same level in April.

Analysts stated that a negative course was followed in the global markets with the concerns that the aggressive interest rate hikes by the central banks in the high inflationary environment would drag the economies into recession, adding that the bad balance sheet of the companies also increased the inflation your concerns.

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